instead of hydrograph i bought hydrogels since it's still <$20 million market cap

it's only making $11 million ttm revenues right now but that's a 100% YoY from last year so at least they've proven they can scale fast since even right now they're only operating at like 18% capacity, and they should be positive cashflow without diluting more *unless* they do more acquisitions (1st and 2nd capital raises were to acquire 2 different brands, and 3rd was because the beauty brand they acquired was growing faster than expected so they needed more cash)

i dont like that it's not profitable yet but thats usually unavoidable with small companies that are growing, i only bought since the management is debt-averse which makes sense, better to avoid debt when you're not even positive cashflow yet

why would you pay $500m+ for a company that has no proven revenues or scalability yet