/
Services-computer programming services company · FY ends Dec · Revenue $19M · 10.72% margin · $4M FCF
10.72% operating margin is respectable but not wide. ROIC at 7.83%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 9.3% YoY. Margins deteriorated 9.7pp alongside, both lines moving the wrong way.
ROIC dropped from 16.09% to 7.83%, capital efficiency is deteriorating. Operating margin contracted 9.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$19M
▼ -9.3% YoY
Net Income (TTM)
$3M
▼ -43.8% YoY
Op. Margin
10.72%
▼ -9.7pp YoY
ROIC
7.83%
▼ -8.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4M
▼ -3.5% YoY
Op. Cash Flow (TTM)
$4M
▼ -3.1% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: -3.6%
5Y CAGR: -9.2%
Continue Research