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History We were originally incorporated in September 2000 as Rocker & Spike Entertainment, Inc. In January 2001 we changed our name to Reconstruction Data Group, Inc., and in April 2003 we changed our name to Verdisys, Inc. and were engaged in the business of providing satellite services to agribusiness.
The business is unprofitable at the operating level (-17.17% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.7%, still solid. Margins contracted 29.1pp, which offsets some of the top-line progress.
Free cash flow declined 15% versus the prior year, cash generation momentum has weakened. ROIC dropped from 3.43% to -3.84%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$77M
▲ +15.7% YoY
Net Income (TTM)
-$36M
▼ -184.3% YoY
Op. Margin
-1.69%
▼ -29.1pp YoY
ROIC
-0.66%
▼ -7.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$15M
▼ -14.6% YoY
Op. Cash Flow (TTM)
$15M
▼ -15.7% YoY
Net Debt
-$8M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: +41.5%
5Y CAGR: +289.5%
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