/
Surgical & medical instruments & apparatus company · DE · FY ends Dec · Revenue $5M · -364.36% margin · -$22M FCF
The business is unprofitable at the operating level (-293.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.5% YoY. Margins deteriorated 41.1pp alongside, both lines moving the wrong way.
ROIC dropped from -545.54% to -583.55%, capital efficiency is deteriorating. Negative free cash flow of -$21M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$5M
▼ -10.5% YoY
Net Income (TTM)
-$12M
▼ -72.5% YoY
Op. Margin
-364.36%
▼ -41.1pp YoY
ROIC
-246.29%
▼ -38.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$22M
▼ -94.8% YoY
Op. Cash Flow (TTM)
-$21M
▼ -96.8% YoY
Net Debt
-$15M
Net Cash Position
Cash & Equiv.
$15M
5Y CAGR: +2.3%
Continue Research