Global Mofy Metaverse Limited (GMM) reported QQ4 2022 revenue of USD 5.95 million, with gross profit of USD 2.16 million and a gross margin of 36.21%. The quarter shows pronounced investment intensity, as R&D expenses reached USD 2.47 million against quarterly revenue, contributing to negative EBITDA of USD -0.61 million and a net loss of USD -0.67 million. Operating cash flow was highly negative at USD -1.72 million, driven by working capital pressures and ongoing operating losses. The company ended the period with USD 1.14 million in cash and equivalents and a net debt position of USD 0.73 million, indicating a fragile liquidity runway without additional external financing.
From a balance sheet perspective, total assets stood at USD 8.53 million with current assets of USD 5.95 million and current liabilities of USD 4.67 million, yielding a modest current ratio of approximately 1.28x and a quick ratio below 1x, signaling tighter short-term liquidity. The mix of high R&D spend, negative cash flow from operations, and modest cash reserves suggests that near-term profitability hinges on translating product and service investments into scalable revenue growth and improved operating leverage. Absent explicit management guidance in the provided materials, the outlook remains contingent on demand for metaverse services, client adoption of digital content offerings, and the company’s ability to monetize its asset-light services at scale.