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Services-prepackaged software company · DE · FY ends Dec · Revenue $347M · -2.32% margin · $31M FCF
The business is unprofitable at the operating level (-4.74% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.8%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 25% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$347M
▲ +2.8% YoY
Net Income (TTM)
-$15M
▲ +28.4% YoY
Op. Margin
-2.32%
▲ +7.8pp YoY
ROIC
-3.06%
▲ +4.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$31M
▼ -25.0% YoY
Op. Cash Flow (TTM)
$43M
▼ -2.9% YoY
Net Debt
$10M
Cash & Equiv.
$155M
5Y CAGR: +17.6%
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