Above Food Ingredients Inc.

Analysis for Ticker: ABVE

Above Food Ingredients Inc specializes in plant-based products and ingredients through a vertically integrated supply chain, managing the process from the seed to the final consumer across twenty-five thousand retail stores in six countries. The reality is that in the fiscal year ending in 01/2024, the company generated 368,4$ million in revenue but spent 374,3$ million just to acquire and process those goods. This business model is like a lemonade stand that pays its customers to take the drinks, ensuring that the more they sell, the faster they lose everything. Before they even paid for office rent or salaries, they lost 5,8$ million on their basic products. After all losses were counted, they had an accumulated deficit of 103,9$ million and only 1,0$ million in cash left to cover a working capital deficiency of 85,4$ million.