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Introduction We believe we are one of the leading manufacturers of precision components and assemblies for large aerospace and defense prime contractors. Our products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines.
The business is unprofitable at the operating level (-0.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 13.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$47M
▼ -13.0% YoY
Net Income (TTM)
-$1M
▲ +4.5% YoY
Op. Margin
-0.33%
▼ -1.5pp YoY
ROIC
-0.28%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▼ -136.4% YoY
Op. Cash Flow (TTM)
-$4M
▼ -517.3% YoY
Net Debt
$24M
Cash & Equiv.
$4M
5Y CAGR: -0.9%
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