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If we are not able to comply with these laws or regulations or if we become liable under these laws or regulations, we could be harmed, and we may be forced to implement new measures to reduce our exposure to this liability. This may require us to expend substantial resources or to discontinue certain solutions, which would materially and adversely affect our business, financial condition and r…
The business is unprofitable at the operating level (-98.56% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.7% YoY. Margins deteriorated 62.8pp alongside, both lines moving the wrong way.
ROIC dropped from -42.15% to -58.14%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$7M
▼ -2.7% YoY
Net Income (TTM)
-$8M
▼ -156.8% YoY
Op. Margin
-115.33%
▼ -62.8pp YoY
ROIC
-60.23%
▼ -16.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +17.1% YoY
Op. Cash Flow (TTM)
-$2M
▲ +16.5% YoY
Net Debt
$125K
Cash & Equiv.
$35K
5Y CAGR: +8.0%
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