Paul Lévesque performanceWhen Paul Lvesque joined TH in March 2020, the revenue of TH was 65M, Profit margin: -24,8%, free cash flow: -5 M. More than 3 years later, the revenue is 79,7 M (june 2023), Profit margin: -45%, free cash flow: -16M
Quick maths show an increase of revenue by less than 5 millions per year, while the earnings went down almost 2 times, and the free cash flow went down 3 times.
Total debt on the balance sheet as per March 2020: 54,5 M
Total Debt as of Feb 2023: 66 M, an increase of 21%.
This is the picture of TH since Paul Lvesque joined the company. Any investor will be discouraged by such performance.
There is no doubt in my mind, a CEO who puts the wealth of the shareholders in jeopardy has absolutely no reason to stay, even if he works for free.