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Corporate History and Background The Company Independence Power Holdings, Inc. (f/k/a TriUnity Business Services Limited, the Company and, prior to the Merger (as defined herein), TriUnity ), was incorporated under the laws of the State of Nevada on April 30, 2024. Prior to the Merger, TriUnity was headquartered in Kuala Lumpur, Malaysia and provided business related services such as accounting…
Margins and capital returns are both well above average: 88.20% operating margin, ROIC at 183.13%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 439216.1% YoY with margins expanding 202.6pp.
Negative free cash flow of -$337K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$97M
▲ +439216.1% YoY
Net Income (TTM)
$72M
▲ +272139.0% YoY
Op. Margin
90.10%
▲ +202.6pp YoY
ROIC
188.74%
▲ +196.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▼ -950.7% YoY
Op. Cash Flow (TTM)
$1M
▼ -950.7% YoY
Net Debt
-$1M
Net Cash Position
Cash & Equiv.
$2M
3Y CAGR: +2199.0%
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