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Gold and silver ores company · 1T · FY ends Dec · Revenue $92K · -5787.63% margin · -$3M FCF
The business is unprofitable at the operating level (-5787.63% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 86.1% YoY. Margins deteriorated 5542.1pp alongside, both lines moving the wrong way.
ROIC dropped from -324.36% to -439.58%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$92K
▼ -86.1% YoY
Net Income (TTM)
-$5M
▼ -216.4% YoY
Op. Margin
-5787.63%
▼ -5542.1pp YoY
ROIC
-439.58%
▼ -115.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -217.9% YoY
Op. Cash Flow (TTM)
-$3M
▼ -252.2% YoY
Net Debt
-$30K
Net Cash Position
Cash & Equiv.
$30K
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