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Services-computer programming, data processing, etc. company · DE · FY ends Dec · Revenue $276M · -9.46% margin · $18M FCF
The business is unprofitable at the operating level (-9.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 50% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$276M
▼ -7.3% YoY
Net Income (TTM)
-$11M
▲ +32.5% YoY
Op. Margin
-9.46%
▲ +0.9pp YoY
ROIC
-85.80%
▼ -79.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$18M
▼ -49.6% YoY
Op. Cash Flow (TTM)
$18M
▼ -50.2% YoY
Net Debt
-$155M
Net Cash Position
Cash & Equiv.
$300M
5Y CAGR: +21.1%
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