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Industrial organic chemicals company · D8 · FY ends Sep · Revenue $36M · -30.85% margin · -$2M FCF
The business is unprofitable at the operating level (-30.85% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 30.2% YoY. Margins deteriorated 6.3pp alongside, both lines moving the wrong way.
Negative free cash flow of -$2M. The business is consuming cash, not generating it. Operating margin contracted 6.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$36M
▼ -30.2% YoY
Net Income (TTM)
-$11M
▲ +20.6% YoY
Op. Margin
-30.85%
▼ -6.3pp YoY
ROIC
-8.72%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +16.9% YoY
Op. Cash Flow (TTM)
-$2M
▲ +16.9% YoY
Net Debt
-$391K
Net Cash Position
Cash & Equiv.
$391K
5Y CAGR: +23.3%
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