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Semiconductors & related devices company · D8 · FY ends Dec · Revenue $18M · -218.05% margin · -$32M FCF
The business is unprofitable at the operating level (-218.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 66.2%, still solid. Margins contracted 61.5pp, which offsets some of the top-line progress.
Negative free cash flow of -$32M. The business is consuming cash, not generating it. Operating margin contracted 61.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$18M
▲ +66.2% YoY
Net Income (TTM)
-$34M
▼ -61.3% YoY
Op. Margin
-218.05%
▼ -61.5pp YoY
ROIC
-11.38%
▲ +18.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$32M
▼ -199.2% YoY
Op. Cash Flow (TTM)
-$31M
▼ -208.7% YoY
Net Debt
-$419M
Net Cash Position
Cash & Equiv.
$428M
5Y CAGR: +5.0%
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