📊 BNCWW Key Takeaways
Investment Thesis
CEA Industries exhibits severe financial distress despite anomalous accounting results that suggest significant one-time gains masking operational deterioration. The company is burning substantial cash (-$32.1M operating cash flow on $19.1M revenue), has negative operating margins of -420.6%, and continues to face deteriorating operational performance despite extraordinary net income figures that lack credibility given the operational reality.
BNCWW Strengths
- Exceptional balance sheet with minimal leverage (0.01x debt/equity) and $364.9M stockholders' equity providing substantial financial cushion
- Strong liquidity position with 2.62x current ratio and $11.3M cash enabling near-term obligations
- Positive gross margin of 27.4% indicates core product viability at sales level
BNCWW Risks
- Critical operational cash burn of -$32.1M annually with negative free cash flow suggesting unsustainable business model requiring equity funding
- Massive operating loss of -$80.1M against only $19.1M revenue indicates fundamental operational dysfunction and inability to control costs
- Highly suspicious financial metrics with 898.5% net margin and 8.23 diluted EPS contradicting -420.6% operating margin, suggesting significant one-time charges/gains and questionable earnings quality
- Deteriorating interest coverage ratio of -20.0x unable to service debt from operations despite minimal leverage
Key Metrics to Watch
- Operating cash flow trajectory and path to positive OCF
- Operating margin improvement and cost structure rationalization
- Revenue sustainability and customer retention given operational challenges
BNCWW Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.62x current ratio provides a solid financial cushion.
BNCWW Profitability Ratios
BNCWW vs Default Sector
How CEA Industries Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BNCWW Balance Sheet & Liquidity
BNCWW 5-Year Financial Trend
5-Year Trend Summary: CEA Industries Inc.'s revenue has declined by 55% over the 5-year period, indicating business contraction. The most recent EPS of $-4.33 indicates the company is currently unprofitable.
BNCWW Growth Metrics (YoY)
BNCWW Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $6.9M | -$106.6M | $-2.00 |
| Q2 2026 | $7.1M | $277.8M | $5.36 |
| Q1 2026 | $4.6M | -$5.8M | $-6.94 |
| Q1 2025 | $234.5K | -$916.6K | $-1.33 |
| Q3 2024 | $390.8K | -$740.4K | $-0.94 |
| Q2 2024 | $1.1M | -$470.3K | $-0.66 |
| Q1 2024 | $234.5K | -$431.4K | $-0.05 |
| Q3 2023 | $913.6K | -$799.0K | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BNCWW Capital Allocation
BNCWW SEC Filings
Access official SEC EDGAR filings for CEA Industries Inc. (CIK: 0001482541)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BNCWW
What is the AI rating for BNCWW?
CEA Industries Inc. (BNCWW) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BNCWW's key strengths?
Exceptional balance sheet with minimal leverage (0.01x debt/equity) and $364.9M stockholders' equity providing substantial financial cushion. Strong liquidity position with 2.62x current ratio and $11.3M cash enabling near-term obligations.
What are the risks of investing in BNCWW?
Critical operational cash burn of -$32.1M annually with negative free cash flow suggesting unsustainable business model requiring equity funding. Massive operating loss of -$80.1M against only $19.1M revenue indicates fundamental operational dysfunction and inability to control costs.
What is BNCWW's revenue and growth?
CEA Industries Inc. reported revenue of $19.1M.
Does BNCWW pay dividends?
CEA Industries Inc. does not currently pay dividends.
Where can I find BNCWW SEC filings?
Official SEC filings for CEA Industries Inc. (CIK: 0001482541) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BNCWW's EPS?
CEA Industries Inc. has a diluted EPS of $8.23.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.