/
Services-medical laboratories company · DE · FY ends Dec · Revenue $65M · -158.91% margin · -$85M FCF
The business is unprofitable at the operating level (-126.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 17.7% YoY. Margins deteriorated 45.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -$79M. The business is consuming cash, not generating it. Operating margin contracted 45.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$65M
▼ -17.7% YoY
Net Income (TTM)
-$96M
Op. Margin
-158.91%
▼ -45.8pp YoY
ROIC
-31.08%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$85M
▼ -69.9% YoY
Op. Cash Flow (TTM)
-$79M
▼ -66.0% YoY
Net Debt
-$194M
Net Cash Position
Cash & Equiv.
$233M
5Y CAGR: -2.4%
Continue Research