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Services-computer processing & data preparation company · D8 · FY ends Jun · Revenue $3M · -31.48% margin · -$1M FCF
The business is unprofitable at the operating level (-31.48% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 54.5% YoY. Margins deteriorated 37.3pp alongside, both lines moving the wrong way.
ROIC dropped from 18.04% to -14.49%, capital efficiency is deteriorating. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▼ -54.5% YoY
Net Income (TTM)
-$744K
▼ -323.7% YoY
Op. Margin
-31.48%
▼ -37.3pp YoY
ROIC
-14.49%
▼ -32.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
Op. Cash Flow (TTM)
-$1M
▼ -507677.5% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
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