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Miscellaneous fabricated metal products company · FY ends Mar · Revenue $7M · -7.22% margin · -$461K FCF
The business is unprofitable at the operating level (-7.22% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 17.3% YoY with margins expanding 18.6pp. However, free cash flow softened 255%, worth monitoring whether this is timing or structural.
Free cash flow declined 255% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$461K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$7M
▲ +17.3% YoY
Net Income (TTM)
$106K
▲ +111.1% YoY
Op. Margin
-7.22%
▲ +18.6pp YoY
ROIC
-5.59%
▲ +8.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$461K
▼ -255.2% YoY
Op. Cash Flow (TTM)
-$360K
▼ -186.7% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$6M
5Y CAGR: -10.0%
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