Surgical & medical instruments & apparatus company · D0 · FY ends Apr · Revenue $84M · -171.53% margin · -$120M FCF
The business is unprofitable at the operating level (-177.85% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 115.1% YoY with margins expanding 128.0pp.
Negative free cash flow of -$101M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$84M
▲ +115.1% YoY
Net Income (TTM)
-$145M
▼ -20.9% YoY
Op. Margin
-171.53%
▲ +128.0pp YoY
ROIC
-44.41%
Cash Flow & Balance Sheet
FCF (TTM)
-$120M
▼ -19.0% YoY
Op. Cash Flow (TTM)
-$87M
▼ -7.4% YoY
Net Debt
-$245M
Net Cash Position
Cash & Equiv.
$291M
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