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Agricultural production-crops company · Revenue $12M · -7.38% margin · -$3M FCF
The business is unprofitable at the operating level (-7.38% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 18.6% YoY. Margins deteriorated 21.2pp alongside, both lines moving the wrong way.
Free cash flow declined 203% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.46% to -0.96%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$12M
▼ -18.6% YoY
Net Income (TTM)
$681K
▼ -67.4% YoY
Op. Margin
-7.38%
▼ -21.2pp YoY
ROIC
-0.96%
▼ -3.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -203.0% YoY
Op. Cash Flow (TTM)
-$583K
▼ -118.5% YoY
Net Debt
-$48M
Net Cash Position
Cash & Equiv.
$48M
3Y CAGR: -20.5%
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