Is Aduro growing?

The short answer is: no.

If we look at our growth indicators, it tells a very complex story.

Revenue growth over 5 years compounded is 23.6%, which is great. However, this revenue is from proving out commercial applications. Magnitude matters in revenue, and the 5 year growth is from CA$80K to CA$231K.

There's no way to paint net income in a good light, losses are accelerating at a rapid rate. This is to be expected from a growth company.

Total equity has grown nicely at a 5-year CAGR of 171% and a one year growth rate of 85%. It's important to note that this growth for 2024-2025 is mostly due to Cash and Cash equivalents growth

FCF is steeply negative, again, to be expected from a growth company.

It's important to note that the company has missed it's revenue forecasts. From a report over three years ago, they expected 2025 to be their 'break even' year.

This has not panned out yet. The company hasn't even hit it's 2023 goals.

So, the company is not growing yet, but this is all reliant on the company finding a commercial application that is repeatable and scalable-- something the company has yet to find.