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Services-educational services company · E9 · FY ends Dec · Revenue $10M · -24.12% margin · -$1M FCF
The business is unprofitable at the operating level (-24.12% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 70.6% YoY. Margins deteriorated 15.9pp alongside, both lines moving the wrong way.
Free cash flow declined 200% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$10M
▼ -70.6% YoY
Net Income (TTM)
-$2M
▲ +51.0% YoY
Op. Margin
-24.12%
▼ -15.9pp YoY
ROIC
-26.33%
▲ +17.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -199.6% YoY
Op. Cash Flow (TTM)
-$1M
▼ -199.3% YoY
Net Debt
$10K
Cash & Equiv.
$2M
5Y CAGR: -49.6%
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