Kindcard, Inc.

Pre-scale fintech/paytech micro-cap with negative equity and non-viable liquidity despite high gross margin.

Strengths

• High gross margin 73.5% (82nd pct) and positive OCF margin 12.9% (62nd) on a software-style model

Risks

• Net margin -57.5% and ROA -409% (3.7th pct); the 18.8% ROE is a negative-equity artifact (debt/equity -0.13)
• Effectively no liquidity — current and quick ratios of 0.04 (4th pct)

Notable findings

• Negative equityNegative book equity (debt/equity -0.13)
• Net lossNet loss (net margin -57.5%)
• Weak liquidityCurrent ratio 0.04 (<1)
• Revenue declineRevenue -18.9% YoY