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Boxed バランスシートの健全性
財務の健全性 基準チェック /06
Boxedの総株主資本は$-70.7M 、総負債は$124.6Mで、負債比率は-176.2%となります。総資産と総負債はそれぞれ$118.8Mと$189.5Mです。
主要情報
-176.16%
負債資本比率
US$124.56m
負債
| インタレスト・カバレッジ・レシオ | n/a |
| 現金 | US$36.06m |
| エクイティ | -US$70.71m |
| 負債合計 | US$189.49m |
| 総資産 | US$118.78m |
財務の健全性に関する最新情報
更新なし
Recent updates
Seeking Alpha • Jan 20
Boxed stock surges +50% after getting new financing
Boxed (NYSE:BOXD) on Friday said it entered into a second lien secured term loan facility with a lender that provided $10 million of new funding. Shares +52% at $0.72 after the bell. The new facility also provides for an additional $10 million in funding, subject to the completion of certain milestones in a process for the sale of the company. Boxed also entered into an amendment to its existing first lien debt facility with funds and accounts managed by BlackRock that, among other things, reduces its minimum liquidity covenant by $5 million. As part of the above transactions, about $32 million of the existing convertible notes previously held by the lender have been exchanged into new loans secured by a second lien security interest in substantially all of the assets of the company and its subsidiaries. The lender has been issued warrants to purchase 14 million shares of the Company’s outstanding common stock at an initial exercise price of $3.00 per share.Seeking Alpha • Nov 16
Boxed, Inc. Stock: Financial Challenges Not Worth Recycling
Summary BOXD reported its Q3 earnings with a decline in revenue and widening loss. A shift towards B2B customers has helped to improve some key performance indicators, although financial fundamentals remain poor. An outlook for recurring losses and an ongoing cash burn will likely keep shares under pressure. Boxed, Inc. (BOXD) is approaching its 10th anniversary as an online retailer specializing in household staples and food pantry items. While sales climbed over the last several years amid the e-commerce boom, the company was not been able to translate that momentum into a financially viable model. Indeed, revenues are down this year with a widening loss leaving shares off a disastrous -95% year-to-date in 2022. The company just reported its latest quarterly result highlighted by some deep financial challenges likely to continue leaving some serious doubt about the long-term sustainability of the business. The only thing we're seeing inside BOXD is the number of red flags that should serve as a warning for investors to stay away. BOXD Earnings Recap BOXD Q3 revenue of $41.7 million declined by 15% year-over-year. Within that figure, retail sales increased by 1% from Q3 2021 although the bigger impact was the limited contribution of the software & services segment related to its "Spresso" e-commerce management platform that is licensed to other companies. Management explains that a large $10 million deal in 2021 left a difficult comparison with an understanding that the sales trends feature some quarterly variability. On this point, the expectation is that a new customer engagement will add to some top-line boost going forward. The company messaging has been to focus on some strong points. The average order value on the site reached a record $150, from $123 in Q3 2021. Similarly, the retail net revenue per active customer increased to $336 from $243. Boxed is also finding some success in serving more business-to-business (B2B) customers, where gross merchandise value climbed by 37% y/y in Q3. On the other hand, the total number of active customers declined by 21% to 124k compared to 157 in the period last year. The readout is that Boxed is serving fewer customers, but the most loyal shoppers are spending a bit more on regular purchases. source: company IR The bigger question is if any improvement from here or the marginally positive silver linings will be enough to fill the hole of the large recurring loss. The challenge is evident looking at the Q3 operating loss that reached -$21.6 million compared to -$5.4 million in Q3 2021. A nearly 86% increase in SG&A following the company's December 2021 SPAC merger added significant expenses. The adjusted EBITDA loss of -$16.3 million also widened from -$3.0 million in the period last year. source: company IR The company ended the quarter with $39.4 million in cash including a portion of "restricted cash" against $44 million in long-term debt. There is also a separate $81 million in liabilities related to PIPE convertible notes. All this is in the context of a business that burned about $10.4 million in cash in Q3, meaning liquidity will need to be addressed over the next few quarters likely through another capital raise. In terms of guidance, management expects full-year revenue in the range of $165 million to $180 million. This implies approximately flat Q4 sales compared to Q3. The expectation is that the 2022 adjusted EBITDA loss ends in the range of -$65 million to -$80 million, compared to -$61 million year to date. BOXD Stock Price Forecast We're bearish on BOXD as we just don't see the company picking up the growth momentum necessary to jumpstart a real turnaround. The skepticism we have is whether Boxed offers a compelling shopping proposition to potential customers that are capable of competing with the segment leaders like Amazon.com (AMZN) and Walmart Inc. (WMT) that can offer more value across their ecosystem of services. There's little reason to see why the ongoing decline of active customers at Boxed will reverse or even stabilize. Based on our estimate and the current gross margin of 12%, retail revenues would need to more than double from the current quarterly level to approach a breakeven adjusted EBITDA. Again, this is a difficult market segment where even Amazon struggles with e-commerce profitability amid current macro headwinds.Seeking Alpha • Nov 09
Boxed GAAP EPS of -$0.37 misses by $0.03, revenue of $41.65M beats by $2.33M
Boxed press release (NYSE:BOXD): Q3 GAAP EPS of -$0.37 misses by $0.03. Revenue of $41.65M (-15.0% Y/Y) beats by $2.33M. Outlook: Boxed is reaffirming its previously provided guidance for Fiscal Year 2022 as follows: Total Net Revenue of $165 to $180 million vs $170.84M consensus. Total Adjusted EBITDA loss of $65 to $80 million.Seeking Alpha • Oct 06
Boxed, AEON enter agreement to expand partnership
Boxed (NYSE:BOXD) and AEON has announced a definitive agreement to launch Boxed’s end-to-end software and services platform in the Vietnamese market with AEON’s affiliate, AEON Vietnam Co. With the announcement, Boxed has officially begun deploying its Spresso technology platform with AEON Vietnam, with an initial launch expected in the coming months. In addition to Malaysia, and now Vietnam, Boxed and AEON will continue to explore partnerships and opportunities throughout Southeast Asia. “AEON has been a great partner for us in Malaysia, and we are beyond excited to replicate our e-commerce synergy in such a dynamic, growing economy as Vietnam, and potentially other strategic markets in the near future,” said Chieh Huang, CEO of Boxed.Seeking Alpha • Sep 22
Boxed and Snowflake partner to launch Spresso SaaS capabilities to joint customers
Boxed (NYSE:BOXD) partners with Snowflake for its Spresso SaaS platform; the Snowflake Partner Network program is designed to accelerate the ability of companies and application developers to deliver differentiated applications by supporting them across all stages of the application journey in Snowflake’s Data Cloud. “Our partnership with Snowflake allows our customers to seamlessly share the data needed to drive Spresso outputs. In turn, Spresso models run in the Snowflake Retail Data Cloud, returning predictive analytics and actionable insights to our mutual customers to achieve better business outcomes,” said Jared Yaman, COO and Spresso Business Head. Stock up 1% during pre-market分析記事 • Aug 15
The Boxed, Inc. (NYSE:BOXD) Analysts Have Been Trimming Their Sales Forecasts
The latest analyst coverage could presage a bad day for Boxed, Inc. ( NYSE:BOXD ), with the analysts making...分析記事 • Aug 12
Boxed, Inc. (NYSE:BOXD) Analysts Are Cutting Their Estimates: Here's What You Need To Know
The analysts might have been a bit too bullish on Boxed, Inc. ( NYSE:BOXD ), given that the company fell short of...Seeking Alpha • Aug 10
Boxed: Hold The Stock For Long-Term Growth
It has recently signed a Memorandum of Understanding with AEON's subsidiary AEON Vietnam Company Limited to expand the geographical reach. It has also won the first US-based company contract of Jeffers Pet which is a key milestone as it opens the door to the new geographical market and potential. It is trading below its 50-day and 100-day weighted moving average. This reflects that the company has negative technical indicators due to the severe downside since June 2022. Investment Thesis Boxed (BOXD) is an e-commerce retailer and provider of e-commerce platform services. It has recently expanded its Spresso business in the USA and Vietnam market, increasing its potential customer base. I believe these expansions can act as a growth factor for the company in the coming years. About Boxed The company is an e-commerce retailer and provides e-commerce services. The company offers bulk pantry consumables to corporates and household consumers. It also offers e-commerce platform services to enterprise-level customers through the latest Software & Services business which gives access to its end-to-end technology. The company reports its revenue under two segments. The first segment is Retail, and the second segment is Software & Services. The company's retail business generates 89% of the total revenue, and Software & Services, which is newly established, contributes 11% of the total net sales. According to a recent strategic update, the retail segment of the company has achieved growth of 11.2%, and the Gross Merchandise Value (GMV) has grown by 19.4% YoY in the second quarter of FY2022. GMV has shown strong growth in the last three consecutive quarters. Retail active customers have reached 167 million, which is 9% YoY growth. The company has changed its "MaxDelivery" brand, which it acquired in 2021 as "Boxed Market" to expand into new markets. To expand additional Boxed Market micro-fulfillment centers in Westchester and Brooklyn, New York, Boxed recently acquired new leases. The centers are anticipated to launch fully in the fourth quarter of this year. These expansions can significantly affect the financials in the long term. Second Quarter Performance (Investor Presentation) Software & Services business has branded as "Spresso" to create a separate brand value in the market. The company has a strong growth vision for this segment as it has expanded business in the USA and Vietnam. I believe the Software & Services segment has huge growth potential in the coming years as the company has strategic plans to capitalize on the recent commercial momentum by building its broader Boxed ecosystem to offer a wide range of services. I think the recent AEON partnership and the entry into the USA can significantly contribute to the long-term target of positive EBITDA by FY2024 and the company's ecosystem. Expansion Into New Geographies The company has recently signed a Memorandum of Understanding (MoU) with AEON's subsidiary AEON Vietnam Company Limited to expand the geographical reach of the end-to-end software and services platform in Vietnam. The company has previously partnered with AEON to expand Boxed's proprietary e-commerce technology in the Malaysian market, which was very successful. I think the previous successful collaboration gives certainty about the synergy of both entities. The company has also announced that after the Vietnam market, it will continue the expansion in Southeast Asia with AEON. I believe this global expansion of the company can positively affect the financials of the company in the long term. It has also won the first US-based company contract of Jeffers Pet which is a key milestone as it opens the door to the new geographical market and potential customer base. I think the company's expansion of the Spresso platform in the USA and Vietnam might act as a primary growth catalyst in the coming period as both expansions have increased the global reach. What Is The Main Risk Faced By BOXD? Inflation Industry-wide inflation that we are currently facing has criticality affected the company's profitability. BOXD is susceptible to the increasing cost of goods as it directly affects the customer demand for the company. BOXD operates in a highly competitive market, and to maintain sales and retain customers, the company has to sell goods at an attractive price. To maintain the selling price of the products, the company has to take a hit on the profit margins. The inflation is likely to continue through FY23, which is not a positive sign for the company. Technical Analysis & Fundamental Valuation Technical Analysis of Boxed (Investing.com) BOXD is trading below its 50-day, and 100-day weighted moving average (WMA). This reflects that the company has negative technical indicators due to the severe downside since June 2022. The stock price is facing resistance at the 50-day WMA level, and unless the stock crosses the 50-day WMA, it's difficult to see momentum in the stock. The RSI indicator, on the other hand, suggests that the stock is consolidating in the 30-50 RSI band range. This range is generally considered a buy zone; however, there is no significant divergence as per the RSI chart to suggest any buying momentum in the stock. As per my analysis, both RSI and WMA indicators don't reflect any buying momentum in the stock, and I would recommend that investors hold the stock for now.Seeking Alpha • Jul 07
Boxed and AEON sign MOU to expand partnership, launch software & services in Vietnam
Boxed (NYSE:BOXD) signs an MOU with AEON's affiliate, AEON Vietnam Company to launch Boxed’s end-to-end software and services platform in the Vietnamese market by the end of 2022. In September of 2021, both the companies launched a partnership to use Boxed’s proprietary e-commerce technology to power AEON e-commerce capabilities in the Malaysian market. Since the successful implementation in Malaysia, both the companies will be officially expanding their partnership into Vietnam and will continue to explore expanding into additional markets. The companies are exploring a partnership in other markets as well, including Indonesia.Seeking Alpha • May 21
Boxed: A Technology First Grocery Retailer
Boxed is one of the rare SPACs that is holding up well despite the recent broad market sell-off. The company operates as an online-only grocery store which focuses heavily on technology and customers' experience. It has great potential as the online grocery market is huge and their subscription and software revenue is able to increase its margin substantially over time. Guidance for FY22 suggests strong revenue growth however profitability remains an issue and valuation is still a bit stretched.Seeking Alpha • Mar 17
Boxed CEO Chieh Huang - Big Increase In Gross Margins
Boxed, an ecommerce grocery platform that sells bulk consumables, reported Q4 results this week. CEO Chieh Huang discusses gross margins increasing helped by higher margin Software & Services segment. How inflation and Covid has affected business.財務状況分析
短期負債: BOXD.Qは マイナスの株主資本 を有しており、これは 短期資産 が 短期負債 をカバーしていないことよりも深刻な状況です。
長期負債: BOXD.Qは株主資本がマイナスであり、これは短期資産が 長期負債 をカバーしていないことよりも深刻な状況です。
デット・ツー・エクイティの歴史と分析
負債レベル: BOXD.Qは 株主資本がマイナス となっており、これは高い負債レベルよりも深刻な状況です。
負債の削減: BOXD.Qの株主資本はマイナスなので、時間の経過とともに負債が減少したかどうかを確認する必要はありません。
貸借対照表
キャッシュ・ランウェイ分析
過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。
安定したキャッシュランウェイ: 現在のフリーキャッシュフローに基づいて、 BOXD.Qに十分なキャッシュランウェイがあるかどうかを判断するにはデータが不十分です。
キャッシュランウェイの予測: BOXD.Qの フリー キャッシュ フロー が過去のレートに基づいて増加または減少し続ける場合、十分な キャッシュ ランウェイ があるかどうかを判断するためのデータが不十分です。
健全な企業の発掘
企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2023/09/07 11:53 |
| 終値 | 2023/09/06 00:00 |
| 収益 | 2022/09/30 |
| 年間収益 | 2021/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
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業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Boxed, Inc. これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4
| アナリスト | 機関 |
|---|---|
| Marvin Fong | BTIG |
| Ronald Josey | Citigroup Inc |
| Thomas Forte | D.A. Davidson & Co. |