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Insurance agents, brokers & service company · E9 · FY ends Dec · Revenue $80M · -7.02% margin · -$3M FCF
The business is unprofitable at the operating level (-7.02% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 67.9% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 115% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$80M
▼ -67.9% YoY
Net Income (TTM)
-$325M
▼ -622.0% YoY
Op. Margin
-7.02%
▲ +17.1pp YoY
ROIC
-1.62%
▲ +9.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -115.2% YoY
Op. Cash Flow (TTM)
-$2M
▼ -111.9% YoY
Net Debt
$34M
Cash & Equiv.
$4M
5Y CAGR: -30.8%
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