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Electric lighting & wiring equipment company · E9 · FY ends Mar · Revenue $18M · -11.15% margin · -$1M FCF
The business is unprofitable at the operating level (-11.15% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 19.5%, still solid.
Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$18M
▲ +19.5% YoY
Net Income (TTM)
-$1M
▼ -8.9% YoY
Op. Margin
-11.15%
▲ +1.4pp YoY
ROIC
-11.74%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +49.9% YoY
Op. Cash Flow (TTM)
-$1M
▲ +59.7% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$4M
3Y CAGR: -13.4%
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