/
Services-computer programming, data processing, etc. company · E9 · FY ends Sep · Revenue $56M · 5.37% margin · $22M FCF
Operating margin is thin at 5.37%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 35.3%, still solid. Margins contracted 11.1pp, which offsets some of the top-line progress.
ROIC dropped from 15.75% to 3.99%, capital efficiency is deteriorating. Operating margin contracted 11.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$56M
▲ +35.3% YoY
Net Income (TTM)
-$19M
▼ -259.0% YoY
Op. Margin
5.37%
▼ -11.1pp YoY
ROIC
3.99%
▼ -11.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$22M
▲ +22.1% YoY
Op. Cash Flow (TTM)
$22M
▲ +22.1% YoY
Net Debt
-$543K
Net Cash Position
Cash & Equiv.
$4M
3Y CAGR: +48.2%
Continue Research