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Services-computer programming services company · L3 · FY ends Dec · Revenue $440M · -3.39% margin · $38M FCF
The business is unprofitable at the operating level (-3.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 11.7% YoY. Margins deteriorated 2.8pp alongside, both lines moving the wrong way.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$440M
▼ -11.7% YoY
Net Income (TTM)
-$8M
▼ -162.9% YoY
Op. Margin
-3.39%
▼ -2.8pp YoY
ROIC
-1.63%
▼ -1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$38M
▲ +56806.0% YoY
Op. Cash Flow (TTM)
$42M
▲ +504.2% YoY
Net Debt
-$219M
Net Cash Position
Cash & Equiv.
$241M
5Y CAGR: +6.0%
5Y CAGR: +11.9%
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