Seth Yakatan writes on Linked In
As of Q3 2023: $2M in cash $52M in payables $29M in current assets $139M current liabilities Quarterly revenue down 20% Operating loss – $3.5M Net loss (pre tax) – $8M Net income loss – $16.8M Going concern letter as May 2023 A board member recently resigned That’s more red flags than the Chinese Communist Party. I’m not that smart but this math is NOT mathing. → We’ve talked extensively about the demise of California retail. → I’m starting to pull the nails out for this coffin. →
But I just want to be clear: I have huge respect for the leadership team, and everyone at Urbn Leaf, Loudpack and Harborside.
Read his full analysis at
