The company's inability to generate positive cash flow is compounded by high infrastructure costs, leaving it with a critical liquidity shortfall as evidenced by its $66,184 cash balance.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Cash from Operations | -1.07M | 59.94K | -2.89M | -2.88M |
| Operating CF Margin % | -57.7% | 1.94% | -68.89% | -100.39% |
| Operating CF Growth % | -1880.4% | 102.08% | -0.04% | - |
| Net Income | -5.51M | -2.09M | 1.64M | -18.09M |
| Depreciation & Amortization | 287.46K | 424.77K | 208.48K | 136.16K |
| Stock-Based Compensation | 3.61M | 0 | 0 | 474K |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 63.94K | 259.05K | -2.49M | 15.35M |
| Working Capital Changes | 483.23K | 1.47M | -2.24M | -759.3K |
| Change in Receivables | 305.73K | 1.6M | -2.16M | -695.85K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 |
| Cash from Investing | 4.82K | -249.23K | -792.71K | -253.1K |
| Capital Expenditures | 0 | -2.15K | -113.15K | -22K |
| CapEx % of Revenue | - | 0.07% | 2.7% | 0.77% |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 4.82K | -247.09K | -679.56K | -231.1K |
| Cash from Financing | 924.1K | 171.91K | 3.67M | 3.25M |
| Debt Issued (Net) | 283.51K | -153.76K | -76.24K | 457.62K |
| Equity Issued (Net) | 641.51K | 335.08K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -915 | -9.41K | -2.31K | -1.56K |
| Net Change in Cash | -131.53K | -19.04K | -8.6K | 107.66K |
| Free Cash Flow | -1.07M | -189.29K | -3.68M | -3.14M |
| FCF Margin % | -57.7% | -6.13% | -87.83% | -109.2% |
| FCF Growth % | -463.75% | 94.86% | -17.26% | - |
| FCF per Share | -0.10 | -0.02 | -0.33 | -0.28 |
| FCF Conversion (FCF/Net Income) | 0.19x | -0.03x | -1.76x | 0.16x |
| Interest Paid | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 |
Imminent insolvency and liquidity
As indicated by the company's financial disclosures, the absence of positive net income renders traditional cash conversion metrics irrelevant, highlighting a fundamental disconnect between the firm's reported operational losses and its ability to generate any meaningful cash flow from its core software-as-a-service business model.
The extreme operating margin of -297.14% suggests that the company is likely consuming cash at a rate that far outpaces any potential accrual-based earnings. Investors should monitor whether the firm is relying on aggressive revenue recognition to mask the underlying cash burn inherent in its high-bandwidth streaming operations.
Based on the firm's reported figures, the trajectory of free cash flow appears deeply negative, reflecting a business model that is currently unable to cover its fixed infrastructure costs, let alone generate the surplus capital required to sustain its operations without constant external financing.
The 40.15% revenue decline further exacerbates this trajectory, as the company lacks the scale to achieve operating leverage. This trend suggests that the firm's cash position is likely deteriorating rapidly, leaving little room for error in its current cost-cutting initiatives.
According to recent financial statements, the company's capital intensity remains high relative to its shrinking revenue base, suggesting that the costs associated with maintaining its streaming infrastructure are effectively acting as a permanent drain on the firm's limited and dwindling cash reserves.
The reliance on cloud-based streaming technology necessitates ongoing investment in infrastructure that the current revenue levels cannot support. This capital-intensive nature, combined with a lack of growth, implies that the firm may be forced to sacrifice long-term product development to preserve immediate liquidity.
As reported in financial filings, the company's cash position of only $66,184 suggests that the cash flow statement likely obscures a critical liquidity shortfall, as the firm's operational expenses appear to be significantly higher than its ability to collect cash from its enterprise client base.
The lack of transparency regarding working capital cycles and potential capitalized R&D costs warrants further investigation by stakeholders. It appears highly probable that the company is facing a severe cash crunch that is not fully captured by the headline income statement figures.
Quick answers to the most common questions about buying BLIV stock.
BeLive Holdings (BLIV) generated $-1.1M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
BeLive Holdings (BLIV) reported negative free cash flow of $1.1M in 2024, indicating capital requirements exceeded cash from operations.
BeLive Holdings (BLIV) spent $0.0M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.