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Services-management consulting services company · Revenue $2M · -418.90% margin · -$1M FCF
The business is unprofitable at the operating level (-418.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 14.7%, still solid. Margins contracted 467.3pp, which offsets some of the top-line progress.
Free cash flow declined 198% versus the prior year, cash generation momentum has weakened. ROIC dropped from 21.19% to -120.81%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$2M
▲ +14.7% YoY
Net Income (TTM)
-$10M
▼ -1206.2% YoY
Op. Margin
-418.90%
▼ -467.3pp YoY
ROIC
-120.81%
▼ -142.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -197.5% YoY
Op. Cash Flow (TTM)
-$1M
▼ -194.6% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$7M
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