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Services-business services, nec company · E9 · FY ends Mar · Revenue $15M · -1125.37% margin · $1M FCF
The business is unprofitable at the operating level (-1125.37% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 512.1%, still solid. Margins contracted 767.6pp, which offsets some of the top-line progress.
ROIC dropped from -12.83% to -571.94%, capital efficiency is deteriorating. Operating margin contracted 767.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$15M
▲ +512.1% YoY
Net Income (TTM)
-$135M
▼ -1327.0% YoY
Op. Margin
-1125.37%
▼ -767.6pp YoY
ROIC
-571.94%
▼ -559.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
Op. Cash Flow (TTM)
$1M
▼ -12.9% YoY
Net Debt
-$176M
Net Cash Position
Cash & Equiv.
$176M
5Y CAGR: +16.4%
5Y CAGR: -33.6%
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