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Retail-eating places company · Revenue $7M · -33.45% margin · -$2M FCF
The business is unprofitable at the operating level (-33.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 18.0% YoY. Margins deteriorated 49.3pp alongside, both lines moving the wrong way.
Free cash flow declined 541% versus the prior year, cash generation momentum has weakened. ROIC dropped from 27.46% to -18.98%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$7M
▼ -18.0% YoY
Net Income (TTM)
-$2M
▼ -284.1% YoY
Op. Margin
-33.45%
▼ -49.3pp YoY
ROIC
-18.98%
▼ -46.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -541.0% YoY
Op. Cash Flow (TTM)
-$1M
▼ -200.2% YoY
Net Debt
$4M
Cash & Equiv.
$4M
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