AppHarvest's Growth Problem: How to Pay for It?
AppHarvest (NASDAQ: APPH) builds and operates indoor farms in the Appalachia region, using technology to pursue sustainable farming. It's an early-stage growth company, with revenue growth of over 100% in its most recent quarter. AppHarvest has bold expansion plans, but like all growth companies, in needs capital to realize those plans. Unfortunately, a close look at AppHarvest's financial situation suggests it may not have either the time or the financial resources to achieve its goals. AppHarvest's Plan
Let's consider AppHarvest's capital requirements. The company has a long-term plan to develop 12 farming facilities by 2025, though it has recently moderated those projections. Management currently bases 2025 sales guidance on only nine of those facilities being developed, but even those scaled-down assumptions look doubtful.
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Source Fool.com
