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Services-equipment rental & leasing, nec company · E9 · FY ends Mar · Revenue $13M · -74.69% margin · -$1M FCF
The business is unprofitable at the operating level (-74.69% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 20.6% YoY. Margins deteriorated 80.1pp alongside, both lines moving the wrong way.
Free cash flow declined 164% versus the prior year, cash generation momentum has weakened. ROIC dropped from 6.95% to -71.67%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$13M
▼ -20.6% YoY
Net Income (TTM)
-$11M
▼ -124907.2% YoY
Op. Margin
-74.69%
▼ -80.1pp YoY
ROIC
-71.67%
▼ -78.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -163.8% YoY
Op. Cash Flow (TTM)
-$1M
▼ -157.8% YoY
Net Debt
-$10M
Net Cash Position
Cash & Equiv.
$11M
3Y CAGR: -17.4%
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