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The Company was formed in Nevada in August 30, 2002 as IntelSource Group, Inc. and began operations in 2003. The Company began acting as Electro Medical Technologies, LLC, an Arizona limited liability company on November 9, 2010, after the merger with ElectroMedical Technologies, LLC, a Nevada Company.
The business is unprofitable at the operating level (-153.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 17.3%, still solid. Margins contracted 13.6pp, which offsets some of the top-line progress.
ROIC dropped from -184.35% to -288.37%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$922K
▲ +17.3% YoY
Net Income (TTM)
-$2M
▲ +23.9% YoY
Op. Margin
-109.62%
▼ -13.6pp YoY
ROIC
-74.11%
▼ -104.0pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$2M
Op. Cash Flow (TTM)
-$131K
▼ -83.3% YoY
Net Debt
$97K
Cash & Equiv.
$35K
3Y CAGR: +22.3%
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