/
Agricultural production-crops company · DE · FY ends Oct · Revenue $144M · -17.83% margin
The business is unprofitable at the operating level (-12.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 16.6% YoY. Margins deteriorated 9.5pp alongside, both lines moving the wrong way.
ROIC dropped from -2.07% to -6.58%, capital efficiency is deteriorating. Operating margin contracted 9.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$144M
▼ -16.6% YoY
Net Income (TTM)
-$22M
▼ -307.1% YoY
Op. Margin
-17.83%
▼ -9.5pp YoY
ROIC
-8.07%
▼ -4.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$5M
▼ -133.7% YoY
Net Debt
$91M
Cash & Equiv.
$1M
5Y CAGR: -0.6%
Continue Research