Search, detection, navigation, guidance, aeronautical sys company · DE · FY ends Jan · Revenue $41M · 6.98% margin · $2M FCF
Operating margin is thin at 6.98%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 12.6% YoY. Margins deteriorated 7.6pp alongside, both lines moving the wrong way.
ROIC dropped from 18.37% to 6.35%, capital efficiency is deteriorating. Operating margin contracted 7.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$41M
▼ -12.6% YoY
Net Income (TTM)
$750K
▼ -85.2% YoY
Op. Margin
6.98%
▼ -7.6pp YoY
ROIC
6.35%
▼ -12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2M
▲ +798.6% YoY
Op. Cash Flow (TTM)
$3M
▲ +297.2% YoY
Net Debt
-$18M
Net Cash Position
Cash & Equiv.
$19M
5Y CAGR: +14.1%
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