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Services-computer integrated systems design company · OR · FY ends Dec · Revenue $32M · -87.84% margin · -$9M FCF
The business is unprofitable at the operating level (-97.79% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 11.7% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$12M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$32M
▼ -11.7% YoY
Net Income (TTM)
-$28M
▲ +17.2% YoY
Op. Margin
-87.84%
▲ +9.7pp YoY
ROIC
-48.62%
▲ +1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▲ +53.9% YoY
Op. Cash Flow (TTM)
-$8M
▲ +55.7% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$10M
5Y CAGR: +7.2%
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