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Management s Discussion and Analysis of Financial Condition and Results of Operations, but are also contained elsewhere in this Annual Report. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Annual Report, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the…
The business is unprofitable at the operating level (-975.91% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 58.2% YoY. Margins deteriorated 217.7pp alongside, both lines moving the wrong way.
Negative free cash flow of -$47M. The business is consuming cash, not generating it. Operating margin contracted 217.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$8M
▼ -58.2% YoY
Net Income (TTM)
-$70M
▲ +50.8% YoY
Op. Margin
-961.91%
▼ -217.7pp YoY
ROIC
-50.14%
▲ +24.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$52M
▼ -133.8% YoY
Op. Cash Flow (TTM)
-$52M
▼ -134.7% YoY
Net Debt
-$103M
Net Cash Position
Cash & Equiv.
$105M
5Y CAGR: +3.8%
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