/
Services-advertising company · E9 · FY ends Dec · Revenue $2M · -33.54% margin
The business is unprofitable at the operating level (-33.54% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 32.6% YoY. Margins deteriorated 52.2pp alongside, both lines moving the wrong way.
ROIC dropped from 21.81% to -15.55%, capital efficiency is deteriorating. Operating margin contracted 52.2pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2M
▼ -32.6% YoY
Net Income (TTM)
-$2M
▼ -692.0% YoY
Op. Margin
-33.54%
▼ -52.2pp YoY
ROIC
-15.55%
▼ -37.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$2M
▼ -719.3% YoY
Net Debt
-$3K
Net Cash Position
Cash & Equiv.
$3K
3Y CAGR: +31.7%
Continue Research