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Organization Positron Corporation (the Company or Positron ) was incorporated under the laws of the State of Texas in 1983. Unless the context requires otherwise, in this report the terms we, us , our , the Company , and Positron refer to Positron Corporation.
The business is unprofitable at the operating level (-2275.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 21.5% YoY. Margins deteriorated 1899.8pp alongside, both lines moving the wrong way.
ROIC dropped from -84.76% to -368.59%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$244K
▼ -21.5% YoY
Net Income (TTM)
-$12M
▼ -345.7% YoY
Op. Margin
-4761.84%
▼ -1899.8pp YoY
ROIC
-376.36%
▼ -283.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -171.6% YoY
Op. Cash Flow (TTM)
-$5M
▼ -171.6% YoY
Net Debt
-$208K
Net Cash Position
Cash & Equiv.
$1M
5Y CAGR: -41.4%
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