Beyond Meat Inc. (NASDAQ: BYND) has entered a flat spin and is poised to be destroyed as it hits its bottom. In the most recent quarter, revenue dropped 13% to $70 million. The company lost a staggering $111 million, compared to $27 million in the same quarter a year ago. Projections for the current quarter put revenue at as little as $60 million. What started as a promising business in 2009 is now in ruins.
The company can overcome none of the meatless meat challenges. Beyond Meat will never recover.
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