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Electronic components, nec company · E9 · FY ends Sep · Revenue $40M · -22.88% margin · -$7M FCF
The business is unprofitable at the operating level (-22.88% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 22.2% YoY with margins expanding 6.5pp.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$40M
▲ +22.2% YoY
Net Income (TTM)
-$10M
▲ +0.5% YoY
Op. Margin
-22.88%
▲ +6.5pp YoY
ROIC
-22.19%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▲ +3.3% YoY
Op. Cash Flow (TTM)
$85K
▲ +101.7% YoY
Net Debt
$21M
Cash & Equiv.
$5M
5Y CAGR: -22.3%
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