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Surgical & medical instruments & apparatus company · DE · FY ends Dec · Revenue $56M · -60.48% margin · -$34M FCF
The business is unprofitable at the operating level (-60.53% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 85.9% YoY with margins expanding 28.3pp.
Negative free cash flow of -$30M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$56M
▲ +85.9% YoY
Net Income (TTM)
-$33M
▼ -22.2% YoY
Op. Margin
-60.48%
▲ +28.3pp YoY
ROIC
-29.33%
▲ +74.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$34M
▼ -15.5% YoY
Op. Cash Flow (TTM)
-$34M
▼ -13.8% YoY
Net Debt
-$80M
Net Cash Position
Cash & Equiv.
$97M
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