/
Services-prepackaged software company · E9 · FY ends Mar · Revenue $36M · 8.44% margin · -$1M FCF
Operating margin is thin at 8.44%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 0.1% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 43.76% to 20.57%, capital efficiency is deteriorating. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$36M
▼ -0.1% YoY
Net Income (TTM)
$3M
▲ +10.9% YoY
Op. Margin
8.44%
▲ +0.3pp YoY
ROIC
20.57%
▼ -23.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +30.9% YoY
Op. Cash Flow (TTM)
-$1M
▲ +29.0% YoY
Net Debt
$2M
Cash & Equiv.
$109K
Continue Research