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General bldg contractors - nonresidential bldgs company · NV · FY ends Dec · Revenue $37M · -24.27% margin · -$11M FCF
$5.52
+$0.17 (+3.18%)
Price from 12 days ago
The business is unprofitable at the operating level (-18.51% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 32.3%, still solid. Margins contracted 18.4pp, which offsets some of the top-line progress.
Free cash flow declined 551% versus the prior year, cash generation momentum has weakened. ROIC dropped from -0.42% to -19.91%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$37M
▲ +32.3% YoY
Net Income (TTM)
-$9M
▼ -4530.5% YoY
Op. Margin
-24.27%
▼ -18.4pp YoY
ROIC
-26.02%
▼ -19.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$11M
▼ -551.0% YoY
Op. Cash Flow (TTM)
-$11M
▼ -438.6% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$7M
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