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We are a leading provider of data and analytics technology and services to healthcare organizations. Our Solution comprises our cloud-based data and analytics platform, software applications, and expertise.
The business is unprofitable at the operating level (-51.95% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 1.4%, essentially flat. Margins also contracted 29.1pp. This is a business that needs a catalyst.
Free cash flow declined 102% versus the prior year, cash generation momentum has weakened. ROIC dropped from -7.97% to -21.46%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$301M
▲ +1.4% YoY
Net Income (TTM)
-$265M
▼ -156.1% YoY
Op. Margin
-82.05%
▼ -29.1pp YoY
ROIC
-44.63%
▼ -13.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$18M
▼ -101.8% YoY
Op. Cash Flow (TTM)
$19M
▼ -95.0% YoY
Net Debt
$62M
Cash & Equiv.
$109M
5Y CAGR: +10.5%
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