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LEGAL PROCEEDINGS On August 27, 2024 Hypur Inc. filed an arbitration proceeding against the Company. Hypur s arbitration claim requests an award of $363,500, representing the principal payments due Hypur pursuant to four promissory notes payable to Hypur, plus interest, costs and attorneys fees.
Operating margin is thin at 7.90%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.0% YoY. Margins deteriorated 9.4pp alongside, both lines moving the wrong way.
Free cash flow declined 58% versus the prior year, cash generation momentum has weakened. Operating margin contracted 9.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$4M
▼ -1.0% YoY
Net Income (TTM)
$88K
▼ -31.2% YoY
Op. Margin
4.35%
▼ -9.4pp YoY
ROIC
13.84%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$113K
▼ -58.2% YoY
Op. Cash Flow (TTM)
$115K
▼ -63.8% YoY
Net Debt
$500K
Cash & Equiv.
$408K
5Y CAGR: +1.1%
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