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Services-engineering, accounting, research, management company · D8 · FY ends Jun · Revenue $3M · -101.20% margin · -$4M FCF
The business is unprofitable at the operating level (-101.20% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.4% YoY. Margins deteriorated 124.5pp alongside, both lines moving the wrong way.
Free cash flow declined 514% versus the prior year, cash generation momentum has weakened. ROIC dropped from 59.42% to -117.89%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3M
▼ -9.4% YoY
Net Income (TTM)
-$4M
▼ -598.1% YoY
Op. Margin
-101.20%
▼ -124.5pp YoY
ROIC
-117.89%
▼ -177.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -514.4% YoY
Op. Cash Flow (TTM)
-$4M
▼ -509.8% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
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