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Telephone communications (no radiotelephone) company · NV · FY ends Dec · Revenue $28M · -21.43% margin · -$1M FCF
The business is unprofitable at the operating level (-16.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 20.9% YoY with margins expanding 5.3pp. However, free cash flow softened 1878%, worth monitoring whether this is timing or structural.
Free cash flow declined 1878% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$28M
▲ +20.9% YoY
Net Income (TTM)
-$6M
▼ -6.8% YoY
Op. Margin
-21.43%
▲ +5.3pp YoY
ROIC
-21.11%
▼ -1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -1877.5% YoY
Op. Cash Flow (TTM)
-$850K
▼ -771.5% YoY
Net Debt
$15M
Cash & Equiv.
$2M
3Y CAGR: +23.8%
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