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Global or the Company ) may make other written and oral communications from time to time that contain such statements. These statements are often identified by the use of words such as may, will, expect, believe, anticipate, intend, could, should, estimate, or continue, and similar expressions or variations.
The business is unprofitable at the operating level (-35.33% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 23.1% YoY. Margins deteriorated 31.0pp alongside, both lines moving the wrong way.
Free cash flow declined 207% versus the prior year, cash generation momentum has weakened. ROIC dropped from -0.75% to -5.01%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$9M
▼ -23.1% YoY
Net Income (TTM)
$3M
▼ -125.1% YoY
Op. Margin
-15.92%
▼ -31.0pp YoY
ROIC
-2.63%
▼ -4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$505K
▼ -206.7% YoY
Op. Cash Flow (TTM)
$505K
▼ -183.0% YoY
Net Debt
-$34M
Net Cash Position
Cash & Equiv.
$34M
5Y CAGR: +13.6%
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