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Miscellaneous electrical machinery, equipment & supplies company · DE · FY ends Dec · Revenue $5M · -671.27% margin · -$17M FCF
The business is unprofitable at the operating level (-671.27% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.3% YoY. Margins deteriorated 284.2pp alongside, both lines moving the wrong way.
ROIC dropped from -138.76% to -308.48%, capital efficiency is deteriorating. Negative free cash flow of -$17M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$5M
▼ -9.3% YoY
Net Income (TTM)
-$31M
▼ -77.2% YoY
Op. Margin
-671.27%
▼ -284.2pp YoY
ROIC
-308.48%
▼ -169.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$17M
▼ -5.7% YoY
Op. Cash Flow (TTM)
-$17M
▼ -5.7% YoY
Net Debt
$2M
Cash & Equiv.
$5M
5Y CAGR: +2.6%
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