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Miscellaneous electrical machinery, equipment & supplies company · E9 · FY ends May · Revenue $4M · -1.39% margin · -$484K FCF
The business is unprofitable at the operating level (-1.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 29.5%, still solid.
ROIC dropped from -5.63% to -12.19%, capital efficiency is deteriorating. Negative free cash flow of -$484K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4M
▲ +29.5% YoY
Net Income (TTM)
$73K
▲ +87.2% YoY
Op. Margin
-1.39%
▼ -0.6pp YoY
ROIC
-12.19%
▼ -6.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$484K
▼ -161.9% YoY
Op. Cash Flow (TTM)
-$44K
▼ -116.2% YoY
Net Debt
-$42K
Net Cash Position
Cash & Equiv.
$42K
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