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Company Overview We are an end-to-end, full-service advertising and marketing platform primarily focused on providing advertising technology, data-driven campaign optimization and other solutions to help brands, agencies and middle market businesses deliver successful marketing results that drive return on investment ("ROI") across both the sell- and buy-side of the digital advertising ecosyste…
The business is unprofitable at the operating level (-42.53% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 44.3% YoY. Margins deteriorated 21.3pp alongside, both lines moving the wrong way.
ROIC dropped from -31.10% to -47.33%, capital efficiency is deteriorating. Operating margin contracted 21.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$33M
▼ -44.3% YoY
Net Income (TTM)
-$22M
▼ -203.8% YoY
Op. Margin
-42.39%
▼ -21.3pp YoY
ROIC
-52.10%
▼ -16.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$7M
▼ -3.0% YoY
Net Debt
$16M
Cash & Equiv.
$796K
3Y CAGR: -27.0%
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