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Services-advertising agencies company · E9 · FY ends Jun · Revenue $33M · -6.10% margin
The business is unprofitable at the operating level (-6.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 32.4% YoY. Margins deteriorated 9.6pp alongside, both lines moving the wrong way.
ROIC dropped from 17.15% to -9.94%, capital efficiency is deteriorating. Operating margin contracted 9.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$33M
▼ -32.4% YoY
Net Income (TTM)
$4M
▲ +200.1% YoY
Op. Margin
-6.10%
▼ -9.6pp YoY
ROIC
-9.94%
▼ -27.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$3M
▼ -349.2% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$9M
3Y CAGR: +26.6%
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