Capital RequirementsBeyond had $141.5M in cash and $24.9M in debt and will need to raise additional capital to fund growth plans.
Financial PerformanceNet revenue of $231.7M was down 39.4% y/y, below consensus of $288.1M, our estimate of $303.2M, and vs. guidance for a 'decline y/y'.
RevenueThe revenue trajectory of the business remains challenged which ultimately elongates the path to profitability.