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Services-prepackaged software company · L3 · FY ends Dec · Revenue $398K · -3060.55% margin · -$10M FCF
The business is unprofitable at the operating level (-3060.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.7% YoY. Margins deteriorated 153.2pp alongside, both lines moving the wrong way.
ROIC dropped from -81.25% to -125.20%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$398K
▼ -8.7% YoY
Net Income (TTM)
-$12M
▼ -8.7% YoY
Op. Margin
-3060.55%
▼ -153.2pp YoY
ROIC
-125.20%
▼ -44.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▲ +5.7% YoY
Op. Cash Flow (TTM)
-$10M
▲ +5.4% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$6M
3Y CAGR: -10.2%
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