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Arrangement of transportation of freight & cargo company · E9 · FY ends Dec · Revenue $53M · -2.88% margin · -$6M FCF
The business is unprofitable at the operating level (-2.88% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 39.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$53M
▼ -39.0% YoY
Net Income (TTM)
-$15M
▼ -215.2% YoY
Op. Margin
-2.88%
▲ +3.2pp YoY
ROIC
-13.95%
▲ +17.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
Op. Cash Flow (TTM)
-$1M
▲ +29.0% YoY
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$14M
3Y CAGR: -18.3%
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