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We are a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. We are committed to helping this growing, global community of professionals, whom we refer to as Awesome Humans, look, feel and perform at their best 24/7, 365 days a year.
Operating margin is thin at 6.04%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 13.6% YoY with margins expanding 5.6pp. However, free cash flow softened 17%, worth monitoring whether this is timing or structural.
Free cash flow declined 17% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$666M
▲ +13.6% YoY
Net Income (TTM)
$41M
▲ +1159.2% YoY
Op. Margin
6.43%
▲ +5.6pp YoY
ROIC
6.66%
▲ +5.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$39M
▼ -17.4% YoY
Op. Cash Flow (TTM)
$49M
▼ -24.6% YoY
Net Debt
-$216M
Net Cash Position
Cash & Equiv.
$277M
5Y CAGR: +19.1%
5Y CAGR: +22.2%
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