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Recognizing this challenge, we set out to offer delicious, genuinely fresh juices, making it effortless for people to incorporate more fruits and vegetables into their daily lives. Our journey began with informal taste tests among family and friends in a co-founder s kitchen, eventually leading to our first kiosk inside a coffee shop in Plano, Texas, in 2014.
Margins and capital returns are both well above average: 27.35% operating margin, ROIC at 69.57%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 11.8%, still solid. Margins contracted 2.9pp, which offsets some of the top-line progress.
Free cash flow declined 12% versus the prior year, cash generation momentum has weakened. ROIC dropped from 81.34% to 69.57%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$13M
▲ +11.8% YoY
Net Income (TTM)
$4M
▼ -1.1% YoY
Op. Margin
27.35%
▼ -2.9pp YoY
ROIC
69.57%
▼ -11.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3M
▼ -11.7% YoY
Op. Cash Flow (TTM)
$3M
▼ -20.7% YoY
Net Debt
-$1M
Net Cash Position
Cash & Equiv.
$2M
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