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Retail-catalog & mail-order houses company · M0 · Revenue $5M · -90.43% margin · -$5M FCF
The business is unprofitable at the operating level (-90.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 50.5% YoY. Margins deteriorated 89.7pp alongside, both lines moving the wrong way.
ROIC dropped from -0.77% to -27.42%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$5M
▼ -50.5% YoY
Net Income (TTM)
-$7M
▼ -1577.1% YoY
Op. Margin
-90.43%
▼ -89.7pp YoY
ROIC
-27.42%
▼ -26.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -196.9% YoY
Op. Cash Flow (TTM)
-$5M
▼ -186.4% YoY
Net Debt
$497K
Cash & Equiv.
$735K
3Y CAGR: -38.6%
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