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Semiconductors & related devices company · DE · FY ends Dec · Revenue $4M · -814.27% margin · -$33M FCF
$3.30
$0.09 (-2.65%)
Price from 8 days ago
The business is unprofitable at the operating level (-1274.95% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 68.6% YoY. Margins deteriorated 1131.2pp alongside, both lines moving the wrong way.
ROIC dropped from -16.79% to -54.05%, capital efficiency is deteriorating. Negative free cash flow of -$33M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4M
▼ -68.6% YoY
Net Income (TTM)
-$46M
▼ -250.4% YoY
Op. Margin
-814.27%
▼ -1131.2pp YoY
ROIC
-46.15%
▼ -37.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$33M
▼ -5.0% YoY
Op. Cash Flow (TTM)
-$30M
▲ +0.9% YoY
Net Debt
$51M
Cash & Equiv.
$7M
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