Motor vehicle parts & accessories company · L3 · FY ends Dec · Revenue $55M · -122.95% margin · -$52M FCF
The business is unprofitable at the operating level (-122.95% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 127.0% YoY with margins expanding 297.0pp.
Negative free cash flow of -$52M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$55M
▲ +127.0% YoY
Net Income (TTM)
-$68M
▲ +28.5% YoY
Op. Margin
-122.95%
▲ +297.0pp YoY
ROIC
-48.32%
▲ +6.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$52M
▲ +35.9% YoY
Op. Cash Flow (TTM)
-$48M
▲ +37.7% YoY
Net Debt
$17M
Cash & Equiv.
$18M
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