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We were incorporated in Nevada on November 3, 2017 under the name of Thenablers, Inc. ( Thenablers ). We initially operated as an international business development organization with a focus on design and execution of market strategies for our clients.
The business is unprofitable at the operating level (-8.64% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 0.3%, essentially flat. Margins also contracted 16.0pp. This is a business that needs a catalyst.
ROIC dropped from 20.65% to -24.02%, capital efficiency is deteriorating. Operating margin contracted 16.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$3M
▲ +0.3% YoY
Net Income (TTM)
-$100K
▼ -188.0% YoY
Op. Margin
-3.59%
▼ -16.0pp YoY
ROIC
-10.86%
▼ -44.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$18K
▲ +169.0% YoY
Op. Cash Flow (TTM)
$28K
▲ +171.7% YoY
Net Debt
$93K
Cash & Equiv.
$126K
5Y CAGR: +39.1%
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