Point72 Asset Management FY2023 10-K Annual Report
Point72 Asset Management 10-K annual report for fiscal year 2023, filed with SEC EDGAR on Apr 16, 2024. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Point72 Asset Management FY2023 10-K Analysis
Business Overview
- • Composite manufacturer (fiberglass) serving RV, prefabricated housing, and marine sectors; 2023 revenue $3.6M driven solely by Cortes Campers brand
- • New segment Fusion X Automotive, LLC formed Oct 2023 — automotive aftermarket composite body parts; exhibited at PRI Indianapolis Dec 2023, revenue expected in 2024
Risk Factors
- • Former CEO Paul Spivak (49% shareholder) indicted for securities fraud — Case No. L21CR491, blocks exchange listing beyond OTC Pink Market
- • Going concern doubt flagged in Dec 31, 2023 audited financials; ongoing need for dilutive equity/debt financing to fund operations
Point72 Asset Management FY2023 Key Financial MetricsXBRL
Revenue
$4M
▲ +234.8% YoY
Net Income
-$1M
▲ +87.7% YoY
Gross Margin
23.7%
Operating Margin
-29.0%
▲ +13140bp YoY
Net Margin
-30.5%
▲ +79957bp YoY
ROE
23.8%
▼ -13259bp YoY
Total Assets
$3M
▲ +13.0% YoY
EPS (Diluted)
$-0.01
▲ +88.9% YoY
Operating Cash Flow
-$217,608
▲ +85.8% YoY
Source: XBRL data from Point72 Asset Management FY2023 10-K filing on SEC EDGAR. All figures in USD.
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