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History of Our Company We were incorporated in the State of Nevada on January 29, 1998 under the name Weston International Development Corporation to conduct any lawful business, to exercise any lawful purpose and power, and to engage in any lawful act or activity for which corporations may be organized under the General Corporation Laws of Nevada. On July 28, 1998, its name was changed to Txon…
Margins and capital returns are both well above average: 24.77% operating margin, ROIC at 18.03%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 74.3%, still solid. Margins contracted 50.4pp, which offsets some of the top-line progress.
Free cash flow declined 311% versus the prior year, cash generation momentum has weakened. ROIC dropped from 47.06% to 18.03%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3M
▲ +74.3% YoY
Net Income (TTM)
$3M
▼ -68.3% YoY
Op. Margin
54.62%
▼ -50.4pp YoY
ROIC
7.69%
▼ -29.0pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$394K
▼ -311.0% YoY
Op. Cash Flow (TTM)
-$4M
▼ -141.1% YoY
Net Debt
$168K
Cash & Equiv.
$39K
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