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Wholesale-professional & commercial equipment & supplies company · D8 · FY ends Dec · Revenue $13M · -1.78% margin · -$1M FCF
The business is unprofitable at the operating level (-1.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 13.8% YoY. Margins deteriorated 4.3pp alongside, both lines moving the wrong way.
Free cash flow declined 283% versus the prior year, cash generation momentum has weakened. ROIC dropped from 1.92% to -1.17%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$13M
▼ -13.8% YoY
Net Income (TTM)
$167K
▼ -80.2% YoY
Op. Margin
-1.78%
▼ -4.3pp YoY
ROIC
-1.17%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -283.2% YoY
Op. Cash Flow (TTM)
-$1M
▼ -281.2% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
5Y CAGR: -0.1%
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