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Surgical & medical instruments & apparatus company · DE · FY ends Dec · Revenue $41M · -65.20% margin · -$27M FCF
$11.78
+$1.03 (+9.58%)
Price from 42 days ago
The business is unprofitable at the operating level (-65.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 17.8%, still solid. Margins contracted 2.5pp, which offsets some of the top-line progress.
Negative free cash flow of -$24M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$41M
▲ +17.8% YoY
Net Income (TTM)
-$29M
▼ -35.0% YoY
Op. Margin
-65.20%
▼ -2.5pp YoY
ROIC
-30.37%
▲ +15.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$27M
▼ -165.0% YoY
Op. Cash Flow (TTM)
-$26M
▼ -167.3% YoY
Net Debt
$28M
Cash & Equiv.
$36M
5Y CAGR: +23.6%
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