/
Services-amusement & recreation services company · E9 · FY ends Jun · Revenue $108M · -5.92% margin · $180K FCF
The business is unprofitable at the operating level (-5.92% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 127.2% YoY with margins expanding 22.9pp.
ROIC dropped from -0.00% to -11.38%, capital efficiency is deteriorating. Net debt of $44M represents 246.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$108M
▲ +127.2% YoY
Net Income (TTM)
-$7M
▲ +44.5% YoY
Op. Margin
-5.92%
▲ +22.9pp YoY
ROIC
-11.38%
▼ -11.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$180K
▲ +103.5% YoY
Op. Cash Flow (TTM)
$193K
▲ +103.7% YoY
Net Debt
$44M
Cash & Equiv.
$4M
5Y CAGR: +47.0%
5Y CAGR: -26.0%
Continue Research