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Factors that could cause or contribute to such differences in results and outcomes include without limitation those discussed under the heading Risk Factors below, as well as those discussed elsewhere in this Annual Report. Readers are urged to carefully review and consider the various disclosures made in this Annual Report, which attempt to advise interested parties of the risks and factors th…
The business is unprofitable at the operating level (-132871.32% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 70.0% YoY. Margins deteriorated 81254.4pp alongside, both lines moving the wrong way.
ROIC dropped from -84.10% to -120.51%, capital efficiency is deteriorating. Negative free cash flow of -$89M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$0.00
▼ -70.0% YoY
Net Income (TTM)
-$85M
▲ +20.8% YoY
Op. Margin
-132871.32%
▼ -81254.4pp YoY
ROIC
-271.52%
▼ -36.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$84M
▲ +15.0% YoY
Op. Cash Flow (TTM)
-$83M
▲ +14.8% YoY
Net Debt
-$29M
Net Cash Position
Cash & Equiv.
$38M
5Y CAGR: -61.2%
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