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General industrial machinery & equipment, nec company · E9 · FY ends Dec · Revenue $18M · -31.60% margin · -$2M FCF
The business is unprofitable at the operating level (-31.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 16.5%, still solid. Margins contracted 39.8pp, which offsets some of the top-line progress.
Free cash flow declined 234% versus the prior year, cash generation momentum has weakened. ROIC dropped from 9.25% to -25.73%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$18M
▲ +16.5% YoY
Net Income (TTM)
-$5M
▼ -439.0% YoY
Op. Margin
-31.60%
▼ -39.8pp YoY
ROIC
-25.73%
▼ -35.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -234.1% YoY
Op. Cash Flow (TTM)
-$2M
▼ -219.7% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$7M
3Y CAGR: +40.4%
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