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Computer communications equipment company · NV · FY ends Jul · Revenue $12M · -26.58% margin
The business is unprofitable at the operating level (-29.17% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 7.7%, steady but not accelerating. Margins contracted 31.1pp, which offsets some of the top-line progress.
ROIC dropped from 55.47% to -111.26%, capital efficiency is deteriorating. Operating margin contracted 31.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$12M
▲ +7.7% YoY
Net Income (TTM)
-$3M
▼ -4949.9% YoY
Op. Margin
-26.58%
▼ -31.1pp YoY
ROIC
-76.52%
▼ -166.7pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$5M
▼ -2961.2% YoY
Net Debt
-$629K
Net Cash Position
Cash & Equiv.
$723K
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