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We are a leading formulator, manufacturer and marketer of nutritional supplements. Our comprehensive strategic partnerships with our customers allow us to offer a wide range of innovative nutritional products and services to such customers including: scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation,…
The business is unprofitable at the operating level (-6.67% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 14.1%, still solid.
Net debt of $37M represents 16.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$142M
▲ +14.1% YoY
Net Income (TTM)
-$14M
▼ -88.1% YoY
Op. Margin
-5.30%
▲ +0.8pp YoY
ROIC
-5.18%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▲ +151.4% YoY
Op. Cash Flow (TTM)
-$5M
▲ +496.3% YoY
Net Debt
$38M
Cash & Equiv.
$9M
5Y CAGR: +1.8%
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