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Market Cap: $529.13M

Cango Inc., with a market cap of US$529.13 million, has recently become profitable, reporting net income of CN¥67.88 million for Q3 2024 compared to a loss the previous year. Despite a sharp decline in revenue from CN¥353.64 million to CN¥26.95 million year-over-year, the company maintains strong financial health with short-term assets significantly exceeding liabilities and debt well-covered by operating cash flow. Recent initiatives include share buybacks worth $1.7 million and an auditor change to MaloneBailey without any reported disagreements with former auditor EY, indicating stable internal controls and governance practices despite high stock volatility.

• Click to explore a detailed breakdown of our findings in Cango's financial health report.

• Explore historical data to track Cango's performance over time in our past results report.

Grove Collaborative Holdings

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States with a market cap of $60.60 million.

Operations: The company generates revenue primarily through its online retail segment, which accounts for $213.78 million.

Market Cap: $60.6M

Grove Collaborative Holdings, Inc., with a market cap of US$60.60 million, has demonstrated a reduction in net losses from US$9.81 million to US$1.34 million year-over-year for Q3 2024 despite declining sales from US$61.75 million to US$48.28 million in the same period. The company holds sufficient cash runway for over three years based on current free cash flow and has more cash than total debt, indicating financial stability amidst ongoing unprofitability and shareholder dilution concerns due to increased shares outstanding by 5.1%. Recent management changes include the transition of Executive Chair Stuart Landesberg to a non-employee board role by February 2025.

• Dive into the specifics of Grove Collaborative Holdings here with our thorough balance sheet health report.

• Gain insights into Grove Collaborative Holdings' outlook and expected performance with our report on the company's earnings estimates.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqCM:CURI NYSE:CANG and NYSE:GROV.

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