Sporting & athletic goods, nec company · Revenue $48M · -4.87% margin · -$2M FCF
The business is unprofitable at the operating level (-4.87% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 31.4% YoY with margins expanding 5.1pp.
Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$48M
▲ +31.4% YoY
Net Income (TTM)
-$2M
▲ +53.6% YoY
Op. Margin
-4.87%
▲ +5.1pp YoY
ROIC
-2.67%
▲ +2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +72.0% YoY
Op. Cash Flow (TTM)
-$1M
▲ +36.6% YoY
Net Debt
$46M
Cash & Equiv.
$7M
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