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Miscellaneous fabricated textile products company · D8 · FY ends Oct · Revenue $29M · 0.35% margin · -$5M FCF
Operating margin is thin at 0.35%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 36.3%, still solid. Margins contracted 9.9pp, which offsets some of the top-line progress.
ROIC dropped from 21.03% to 0.56%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$29M
▲ +36.3% YoY
Net Income (TTM)
$2K
▼ -99.9% YoY
Op. Margin
0.35%
▼ -9.9pp YoY
ROIC
0.56%
▼ -20.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -74.8% YoY
Op. Cash Flow (TTM)
-$5M
▼ -74.0% YoY
Net Debt
$4M
Cash & Equiv.
$122K
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