Longevity Health Holdings, Inc.

Longevity Health is a tiny bio-aesthetics/cosmetics company with going-concern doubt, ~0.8 quarters of cash, and losses far exceeding revenue.

Strengths

• Decent product gross margin (57%, 67th pct) and a differentiated exosome-based skincare line

Risks

• Going concern, ~$707K cash, current ratio 0.24, and net margin of -3.6x revenue
• Negative interest coverage, recent CEO turnover with costly severance, and reliance on dilutive PIPE financing

Notable findings

• No interest coverageInterest coverage -390.23 (cannot cover interest)
• Going concern• Management has concluded that there is substantial doubt about our ability to continue as a going concern
• Cash burnNegative free cash flow (-3.3M)
• Weak liquidityCurrent ratio 0.25 (<1)
• Exec changeRecent 8-K item 5.02 8-K ↗
• Net lossNet loss (net margin -361.0%)
• Buying back stockNet buyback — share count -36%/yr over 2y
• Revenue declineRevenue -17.2% YoY