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MYX

Mycelx Technologies Corporation

Industrial Goods and Services First-pass screen £11m
290/1000 Overall fit
AI beneficiary 35% 15
Operating leverage 25% 40
Valuation 25% 30
Downside protection 15% 40

First-pass take

No AI exposure (clean water/air treatment for oil & gas). Revenue jumped 140% YoY on large project wins, but 56% from single customer. Cyclical exposure, negative operating cash flow despite $0.3M profit, and geopolitical risks limit downside protection.

Flags

no-ai-exposurecustomer-concentration-extremecash-burn-despite-profitcyclicalgeopolitical-riskproject-driven-revenue