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Apogee 21 Holdings

APHD
23
Beverages - Wineries & Distilleries · Consumer Defensive
Price
$0.54
+0.00 (+0.00%)
Market Cap
$230,566
Exchange
Other OTC
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+917.3% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.5M (2020) → 15.6M (2025)

Apogee 21 Holdings is a small beverage company focused on producing and selling alcoholic drinks, primarily in the spirits and distillery space. It targets adult consumers through retail and distribution channels. The company operates in the competitive beverage alcohol industry, which includes established brands and large distributors.

The company earns revenue by selling its beverage products directly and through wholesale distribution partners. It appears to operate primarily in the United States at a very small scale, as reflected in its near-zero market capitalization. The deeply negative operating margin of over 250% signals that the company is spending far more than it earns, which is a serious financial risk. The main challenge facing Apogee 21 is achieving enough sales volume and brand recognition to cover its costs, as the spirits market is dominated by large, well-funded competitors with strong distribution networks and established consumer loyalty.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-31.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

13.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~8 months

$1M cash & investments

Short runway — potential dilution ahead through share issuance

Cash watch

Apogee 21 Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
48.1%
Healthy — 48.1% gross margin
Operating Margin
-249.5%
Losing money on operations — -249.5%
ROCE
-2.5%
Weak — -2.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+53.8%
Fast-growing sales (53.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-312.3%
Burning cash (-312.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
4.65
Heavy debt load (4.65)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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