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Services-prepackaged software company · DE · FY ends Dec · Revenue $238M · -101.06% margin · $27M FCF
The business is unprofitable at the operating level (-92.86% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 4.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 19% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$238M
▼ -4.2% YoY
Net Income (TTM)
-$122M
▲ +66.4% YoY
Op. Margin
-101.06%
▲ +189.0pp YoY
ROIC
-36.82%
▲ +23.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$27M
▼ -19.2% YoY
Op. Cash Flow (TTM)
$39M
▼ -7.6% YoY
Net Debt
-$8M
Net Cash Position
Cash & Equiv.
$178M
3Y CAGR: +2.7%
3Y CAGR: +10.8%
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