/
Wholesale-groceries, general line company · NV · FY ends Apr · Revenue $11M · -66.75% margin · -$6M FCF
The business is unprofitable at the operating level (-39.31% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.8% YoY. Margins deteriorated 51.0pp alongside, both lines moving the wrong way.
Free cash flow declined 680% versus the prior year, cash generation momentum has weakened. ROIC dropped from 12.26% to -39.24%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$11M
▼ -6.8% YoY
Net Income (TTM)
-$8M
▼ -540.7% YoY
Op. Margin
-66.75%
▼ -51.0pp YoY
ROIC
-115.89%
▼ -51.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -680.1% YoY
Op. Cash Flow (TTM)
-$6M
▼ -602.7% YoY
Net Debt
-$284K
Net Cash Position
Cash & Equiv.
$296K
Continue Research