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Services-business services, nec company · Revenue $3M · -53.36% margin · -$3M FCF
The business is unprofitable at the operating level (-53.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 25.3% YoY. Margins deteriorated 75.2pp alongside, both lines moving the wrong way.
Free cash flow declined 536% versus the prior year, cash generation momentum has weakened. ROIC dropped from 92.40% to -27.04%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3M
▼ -25.3% YoY
Net Income (TTM)
-$1M
▼ -286.5% YoY
Op. Margin
-53.36%
▼ -75.2pp YoY
ROIC
-27.04%
▼ -119.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -536.5% YoY
Op. Cash Flow (TTM)
-$3M
▼ -530.8% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$5M
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