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Guided missiles & space vehicles & parts company · DE · FY ends Dec · Revenue $185M · -161.08% margin · -$257M FCF
The business is unprofitable at the operating level (-163.08% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 163.0% YoY with margins expanding 181.5pp.
Negative free cash flow of -$238M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$185M
▲ +163.0% YoY
Net Income (TTM)
-$335M
▼ -29.1% YoY
Op. Margin
-161.08%
▲ +181.5pp YoY
ROIC
-26.92%
▲ +965.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$257M
▼ -24.9% YoY
Op. Cash Flow (TTM)
-$211M
▼ -30.0% YoY
Net Debt
-$511M
Net Cash Position
Cash & Equiv.
$552M
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