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Management s Discussion and Analysis of Financial Condition and Results of Operations and are generally identifiable by use of the words may , will , should , expect , anticipate , estimate , believe , intend or project or the negative of these words or other variations on these words or comparable terminology. Available Information We file annual, quarterly and special reports and other inform…
The business is unprofitable at the operating level (-28343.54% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 96.4% YoY. Margins deteriorated 27822.5pp alongside, both lines moving the wrong way.
ROIC dropped from -10.96% to -20.02%, capital efficiency is deteriorating. Negative free cash flow of -$858K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
-$1K
▼ -96.4% YoY
Net Income (TTM)
-$12M
▼ -229.3% YoY
Op. Margin
86570.18%
▼ -27822.5pp YoY
ROIC
-13.62%
▼ -9.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$786K
▲ +27.4% YoY
Op. Cash Flow (TTM)
-$786K
▲ +29.7% YoY
Net Debt
$419K
Cash & Equiv.
$26K
5Y CAGR: -62.9%
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