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Services-computer programming services company · E9 · FY ends Dec · Revenue $60M · 5.30% margin · $2M FCF
Operating margin is thin at 5.30%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 20.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 39% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$60M
▼ -20.3% YoY
Net Income (TTM)
$18M
▲ +149.0% YoY
Op. Margin
5.30%
▲ +1.6pp YoY
ROIC
0.79%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2M
▼ -39.1% YoY
Op. Cash Flow (TTM)
$2M
▼ -39.1% YoY
Net Debt
-$292M
Net Cash Position
Cash & Equiv.
$337M
3Y CAGR: -11.7%
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