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Founded in Texas in 2017, we are a technology innovation firm specializing in the communications sector. Since our establishment in 2017, we have expanded our presence to include various locations throughout the United States, such as San Francisco, CA, Dallas, TX, Atlanta, GA, Los Angeles, CA, Miami, FL, and New York, NY.
The business is unprofitable at the operating level (-14.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 1941.8% YoY with margins expanding 82.2pp.
ROIC dropped from -159.33% to -762.45%, capital efficiency is deteriorating. Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$60M
▲ +1941.8% YoY
Net Income (TTM)
-$48M
▼ -162.9% YoY
Op. Margin
-65.78%
▲ +82.2pp YoY
ROIC
-151.50%
▼ -603.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$570K
▼ -41.4% YoY
Op. Cash Flow (TTM)
-$570K
▼ -40.2% YoY
Net Debt
$35M
Cash & Equiv.
$3M
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