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Surgical & medical instruments & apparatus company · UT · FY ends Dec · Revenue $718K · -7076.61% margin · -$29M FCF
The business is unprofitable at the operating level (-8058.83% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 84.1% YoY. Margins deteriorated 7035.1pp alongside, both lines moving the wrong way.
ROIC dropped from -43.53% to -101.19%, capital efficiency is deteriorating. Negative free cash flow of -$30M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$718K
▼ -84.1% YoY
Net Income (TTM)
-$49M
▼ -24.6% YoY
Op. Margin
-7076.61%
▼ -7035.1pp YoY
ROIC
-129.43%
▼ -57.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$29M
▲ +0.2% YoY
Op. Cash Flow (TTM)
-$28M
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: -61.6%
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