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Surgical & medical instruments & apparatus company · L3 · FY ends Dec · Revenue $289K · -4713.84% margin · -$10M FCF
The business is unprofitable at the operating level (-4713.84% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
ROIC dropped from -153.56% to -276.66%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$289K
Net Income (TTM)
-$13M
▼ -19.6% YoY
Op. Margin
-4713.84%
ROIC
-276.66%
▼ -123.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -4.5% YoY
Op. Cash Flow (TTM)
-$10M
▼ -5.2% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
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