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Beyond, Inc. (BYON)
:BYON
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Beyond Inc
(NYSE:BYON)
43Neutral
Positive Factors
Cost Efficiency
Incremental fixed cost reductions of $15M were announced, showcasing management's commitment to profitability.
Management
Marcus Lemonis has officially assumed the Principal Executive Officer role, highlighting a strategic leadership focus.
Negative Factors
Capital Needs
Despite management changes and efforts, the company is expected to need additional capital in 2026 to fund growth plans.
Revenue Decline
Net revenue for full-year 2024 was down 10.6% year-over-year, marking the company's third consecutive year of double-digit net revenue declines.
Beyond Inc (BYON) vs. S&P 500 (SPY)
Market Cap
$245.10M
Dividend YieldN/A
Average Volume (3M)3.44M
Price to Earnings (P/E)―
Beta (1Y)2.62
Revenue Growth-10.64%
EPS Growth18.47%
CountryUS
Employees610
SectorConsumer Cyclical
Sector Strength55
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-5.54
Shares Outstanding55,078,217
10 Day Avg. Volume3,998,948
30 Day Avg. Volume3,437,594
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.20
Price to Cash Flow (P/CF)-3.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10.50Price Target Upside147.06% Upside
Rating ConsensusHold
Number of Analyst Covering8
Beyond Inc Business Overview & Revenue Model
Company DescriptionBeyond Inc (BYON) is a leading technology company specializing in innovative software solutions and cloud-based services. The company operates in the tech industry, focusing on developing cutting-edge applications and platforms that enhance business operations and improve user experiences. Beyond Inc's core products include enterprise software solutions, cloud computing services, and a suite of productivity tools designed for businesses of all sizes.
How the Company Makes MoneyBeyond Inc generates revenue primarily through the sale of its software licenses and subscriptions to its cloud-based services. The company offers a range of pricing tiers and packages to cater to different business needs, allowing for a steady stream of recurring income through its subscription model. In addition to direct sales, Beyond Inc partners with various technology resellers and service providers to expand its market reach. The company also engages in strategic partnerships with other tech firms to integrate its solutions with third-party applications, further enhancing its product offerings and creating additional revenue streams. These partnerships, along with its diverse product lineup, contribute significantly to Beyond Inc's financial performance.
Beyond Inc Financial Statement Overview
Summary
Beyond Inc. faces significant financial challenges, with declining revenues, negative profitability margins, and cash flow issues. Despite a moderate debt-to-equity ratio, the decline in equity and negative cash flows highlight the need for strategic improvements.Income Statement
Beyond Inc. has faced declining revenues over recent years, with a notable decrease in gross profit margin from 2020 to 2024. The company has struggled with significant net losses, reflected in a negative net profit margin. Additionally, the EBIT and EBITDA margins remain negative, indicating profitability challenges and operational inefficiencies.42
Neutral
Balance Sheet
The company's balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. However, the declining equity ratio over the years indicates a reduced buffer for absorbing losses. Return on equity is low due to consistent net losses, highlighting the company's struggle to generate shareholder returns.55
Neutral
Cash Flow
Beyond Inc. has experienced negative free cash flow growth, and the operating cash flow to net income ratio reflects poor cash generation from operations. The free cash flow to net income ratio also underscores cash flow challenges, putting pressure on liquidity in a capital-intensive retail environment.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.39B | 1.56B | 1.93B | 2.76B | 2.49B |
| Gross Profit | ||||
| 290.16M | 314.01M | 443.34M | 623.90M | 571.36M |
| EBIT | ||||
| -190.97M | -118.11M | 27.01M | 111.07M | 96.72M |
| EBITDA | ||||
| -236.85M | -244.91M | -11.89M | 147.06M | 108.23M |
| Net Income Common Stockholders | ||||
| -258.80M | -307.84M | -35.24M | 389.37M | 56.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 159.17M | 302.61M | 371.26M | 503.34M | 495.43M |
| Total Assets | ||||
| 401.95M | 635.82M | 878.55M | 1.07B | 830.21M |
| Total Debt | ||||
| 32.66M | 3.75M | 42.51M | 51.35M | 59.69M |
| Net Debt | ||||
| -126.50M | -298.85M | -328.75M | -452.00M | -435.73M |
| Total Liabilities | ||||
| 239.22M | 276.69M | 232.72M | 321.58M | 393.89M |
| Stockholders Equity | ||||
| 162.73M | 359.13M | 645.83M | 744.39M | 373.69M |
| Cash Flow | Free Cash Flow | |||
| -174.30M | -63.58M | -27.43M | 67.30M | 181.60M |
| Operating Cash Flow | ||||
| -174.30M | -18.59M | -12.54M | 80.92M | 196.47M |
| Investing Cash Flow | ||||
| 24.93M | -44.63M | -33.03M | -86.14M | -23.55M |
| Financing Cash Flow | ||||
| 32.72M | -5.49M | -86.34M | -10.60M | 231.36M |
Beyond Inc Technical Analysis
Negative
4.25
Price Trends
6.40
Negative
6.15
Negative
8.29
Negative
Market Momentum
-0.38
Negative
41.76
Neutral
58.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYON, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.90, below the 50-day MA of 6.40, and below the 200-day MA of 8.29, indicating a bearish trend. The MACD of -0.38 indicates Negative momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 58.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYON.
Beyond Inc Risk Analysis
Beyond Inc disclosed 42 risk factors in its most recent earnings report. Beyond Inc reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beyond Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $11.76B | 10.11 | -0.70% | 3.92% | 1.27% | -16.30% | |
54 Neutral | $2.17B | ― | -31.05% | ― | 20.94% | 16.23% | |
52 Neutral | $752.73M | 246.93 | 0.27% | 3.17% | -1.23% | ― | |
49 Neutral | $277.43M | ― | -91.64% | ― | 4.71% | 52.27% | |
45 Neutral | $591.04M | ― | -19.38% | ― | 13.27% | 34.93% | |
43 Neutral | $245.10M | ― | -99.18% | ― | -10.64% | 18.47% | |
29 Underperform | $220.02M | ― | 44.21% | ― | -4.93% | 53.78% |
* Consumer Cyclical Sector Average
Performance Comparison
BYON
Beyond Inc
4.25
-22.14
-83.90%
BYND
Beyond Meat
2.68
-3.96
-59.64%
LMND
Lemonade
26.11
9.33
55.60%
KIND
Nextdoor Holdings
1.47
-0.57
-27.94%
OTLY
Oatly Group
9.30
-10.80
-53.73%
DNUT
Krispy Kreme
4.29
-10.32
-70.64%
Beyond Inc Earnings Call Summary
Earnings Call Date: Feb 24, 2025 | % Change Since: -38.58% | Next Earnings Date: Apr 28, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixture of positive developments in cost management and strategic initiatives, but these were offset by significant revenue declines and ongoing financial losses. The company is focused on improving profitability through margin enhancement and expense control while addressing challenges in marketing efficiency and revenue contraction.Highlights
Gross Margin Improvement
Gross margin improved to 23% in Q4, exceeding the target of 21.5% and showing a 380 basis point improvement year-over-year.
SG&A Reduction Success
The company exceeded its goal of cutting $65 million in expenses for 2024, achieving a tech and G&A expense reduction to $48 million in Q4.
Strategic Investments
Beyond, Inc. invested in a 40% stake in Kirkland's and plans to utilize their distribution centers for strategic growth in omnichannel retail.
Conversion Rate Enhancements
The company reported improvements in conversion rates due to SKU rationalization and vendor streamlining, expecting further enhancement through tech partnerships.
Lowlights
Revenue Decline
Full-year revenue for 2024 declined by 11% compared to 2023, with a 21% year-over-year decline in Q4 due to SKU rationalization and vendor elimination.
Adjusted EBITDA Loss
Adjusted EBITDA came in at a loss of $28 million in Q4, although this was a 43% improvement from the previous year.
Marketing Efficiency Challenges
Marketing spend was at 17% of revenue in Q4 2024, which the company considers unacceptable, targeting a reduction to below 14% in the future.
Cash Burn Concerns
Despite strengthening the balance sheet, there remains a focus on moderating cash burn and achieving free cash flow neutrality.
Company Guidance
During the earnings call, Beyond, Inc. provided comprehensive guidance on various financial metrics and strategic initiatives for the upcoming quarters. The company reported a gross margin improvement to 23% in the fourth quarter of 2024, surpassing their initial target of 21.5%, with a future aim to reach 27% and eventually 30% through SKU rationalization and vendor consolidation. They recorded a 21% revenue decline year-over-year for Q4, and a 11% decline for the full 2024 fiscal year, attributing this to strategic decisions to improve margins and eliminate unprofitable SKUs. Sales and marketing expenses were reduced to 12% of revenue in December, with a goal to further decrease this to below 14% in Q1 and gradually down to 11%. The company successfully cut $65 million in expenses throughout 2024 and plans an additional $5-10 million reduction, targeting a $165 million annual G&A and tech run rate. They also highlighted strategic partnerships and technology upgrades, including collaborations with Vercel and Salesforce, to enhance site experience and customer conversion. Looking forward, the company anticipates continued sequential improvement in EBITDA and margin performance, setting the foundation for profitable growth in 2025 and beyond.Beyond Inc Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Beyond Inc Appoints Debra Perelman to Board of Directors
Positive
Mar 17, 2025
On March 14, 2025, Beyond, Inc. appointed Debra G. Perelman, former CEO of Revlon, to its Board of Directors. Perelman brings over 27 years of experience in leadership and operations, particularly in the digital and consumer sectors, which is expected to bolster Beyond’s strategic transformation and growth. Her appointment is part of Beyond’s efforts to enhance its omnichannel strategy and drive long-term profitability and shareholder value.
Executive/Board ChangesBusiness Operations and Strategy
Beyond Inc Announces Major Leadership Changes for 2025
Positive
Mar 10, 2025
On March 8, 2025, Beyond, Inc. announced significant leadership changes with Marcus Lemonis appointed as Principal Executive Officer and Adrianne Lee as President & CFO, effective March 10, 2025. These appointments are part of Beyond’s strategic initiative to enhance profitability and leverage its blockchain investments, with a commitment to an annualized $15 million fixed cost reduction. The company also appointed Leah Putnam as Chief Accounting Officer and Alexander Thomas as Chief Operating Officer, aiming to drive its strategic priorities and return to growth.
M&A TransactionsBusiness Operations and Strategy
Beyond Inc Acquires Buy Buy Baby Brand
Positive
Feb 24, 2025
On February 21, 2025, Beyond, Inc. successfully completed the acquisition of the Buy Buy Baby brand from BBBY Acquisition Co. LLC, inclusive of assets, intellectual property, and associated goodwill, for $5 million. This strategic acquisition aims to enhance Beyond’s market reach by reuniting the Buy Buy Baby brand with Bed Bath & Beyond, thereby strengthening its customer proposition in key life stage shopping moments.
M&A TransactionsBusiness Operations and Strategy
Beyond Inc Acquires Buy Buy Baby Brand Assets
Positive
Feb 3, 2025
Beyond, Inc. announced an asset purchase agreement with BBBY Acquisition Co. LLC to acquire the Buy Buy Baby brand’s rights and related assets for $5 million. This strategic move aims to strengthen Beyond’s portfolio by integrating Buy Buy Baby into Bed Bath & Beyond stores and exploring tokenization of intellectual property, while leveraging blockchain technology to create a ‘LifeChain’ for secure digital asset management.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.