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Corporate History First America Resources Corporation (the Company, we, us, or our ) was incorporated in the State of Nevada in 2010 under the name Golden Oasis New Energy Group, Inc. The Company s principal executive offices are located at 1000 East Armstrong Street, Morris, Illinois 60450, and its telephone number is (815) 941-9888.
The business is unprofitable at the operating level (-0.99% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.9%, still solid. Margins contracted 2.8pp, which offsets some of the top-line progress.
Free cash flow declined 78% versus the prior year, cash generation momentum has weakened. ROIC dropped from 11.42% to -3.81%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$24M
▲ +15.9% YoY
Net Income (TTM)
$75K
▼ -98.7% YoY
Op. Margin
0.62%
▼ -2.8pp YoY
ROIC
2.79%
▼ -15.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$839K
▼ -78.2% YoY
Op. Cash Flow (TTM)
$839K
▼ -82.7% YoY
Net Debt
$5M
Cash & Equiv.
$631K
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