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Nonferrous foundries (castings) company · F4 · FY ends Dec · Revenue $21M · -79.60% margin · $3M FCF
The business is unprofitable at the operating level (-79.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 18.1%, still solid. Margins contracted 71.0pp, which offsets some of the top-line progress.
ROIC dropped from -12.34% to -107.37%, capital efficiency is deteriorating. Operating margin contracted 71.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$21M
▲ +18.1% YoY
Net Income (TTM)
-$17M
▼ -798.1% YoY
Op. Margin
-79.60%
▼ -71.0pp YoY
ROIC
-107.37%
▼ -95.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3M
▲ +139.8% YoY
Op. Cash Flow (TTM)
$3M
▲ +195.5% YoY
Net Debt
$715K
Cash & Equiv.
$5M
3Y CAGR: +23.5%
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