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Management s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 7A. Such statements may relate to our future financial position, budgets, capital expenditures, projected costs, plans and objectives of management for future operations and possible future strategic transactions.
The business is unprofitable at the operating level (-14.64% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.4% YoY. Margins deteriorated 14.4pp alongside, both lines moving the wrong way.
ROIC dropped from -0.16% to -10.46%, capital efficiency is deteriorating. Operating margin contracted 14.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$654M
▼ -3.4% YoY
Net Income (TTM)
-$111M
▼ -871.5% YoY
Op. Margin
-15.18%
▼ -14.4pp YoY
ROIC
-10.70%
▼ -10.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$68M
▲ +781.6% YoY
Op. Cash Flow (TTM)
$94M
▲ +129.1% YoY
Net Debt
$15M
Cash & Equiv.
$59M
5Y CAGR: +1.0%
5Y CAGR: -9.2%
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