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Services-prepackaged software company · E9 · FY ends Dec · Revenue $165M · -15.60% margin · -$25M FCF
The business is unprofitable at the operating level (-15.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 48.8% YoY with margins expanding 38.6pp.
Negative free cash flow of -$25M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$165M
▲ +48.8% YoY
Net Income (TTM)
-$37M
▲ +56.4% YoY
Op. Margin
-15.60%
▲ +38.6pp YoY
ROIC
-8.17%
▲ +7.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$25M
▲ +25.7% YoY
Op. Cash Flow (TTM)
-$25M
▲ +24.6% YoY
Net Debt
-$215M
Net Cash Position
Cash & Equiv.
$217M
5Y CAGR: -7.1%
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