RM

Real Messenger Corp

RMSG
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Real Messenger Corp AI Insights

Informational only. Not investment advice.
As of 2025-12-18

Snapshot

  • Zero revenue TTM with -3.4M operating loss - pure pre-revenue stage burning 3.4M annually on R&D (833K) and S&M (716K)[Total Revenue]
  • Cash runway of ~8 months: 2.6M cash vs 4.0M annual cash burn (FCF TTM). Recent 6.4M debt raise extends runway.[Free Cash Flow]
  • Debt/equity of 0.06 with 3.7M tangible book value - clean balance sheet but funded by recent debt issuance[Debt to Equity]

Watch Triggers

  • Total Revenue: Any revenue > $0First revenue signals product-market fit; without it, company is speculative venture bet
  • Cash and Equivalents: Falls below 1.5MWould indicate <4 months runway, forcing dilutive raise or strategic alternatives
  • Free Cash Flow: Burn rate exceeds -5M annuallyAccelerating burn without revenue would exhaust runway faster than projected

Bull Case

Clean balance sheet (0.06 D/E, 3.7M tangible equity) with recent 6.4M funding provides runway to reach product-market fit in software sector

Debt to EquityTangible Book ValueNet Long Term Debt Issuance

Working capital of 3.6M and minimal debt (235K total) means no near-term liquidity crisis if burn rate controlled

Working CapitalTotal DebtCurrent Assets

Bear Case

Zero revenue with -4.0M FCF TTM and only 2.6M cash = 8 months runway. Dilution or failure highly probable without revenue inflection.

Total RevenueFree Cash FlowCash and Equivalents

ROA of -118% TTM with zero asset turnover indicates capital destruction. No path to profitability visible in current metrics.

ROAAsset TurnoverNet Income

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
25%

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Forward Thesis

Company faces binary outcome: achieve revenue traction within 12 months or require dilutive financing

3-12mhigh
  • Zero revenue with 4M annual burn rate
  • 6.4M debt raise signals capital needs
  • R&D spend of 833K suggests product development ongoing
FCF TTM: -4.0MCash: 2.6M vs burn: 4.0M/yearNet debt issuance TTM: 6.4M

Valuation Context

Caveats

Public Strategies Rankings

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Fundamental company data provided by Morningstar, updated daily.

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