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Insurance agents, brokers & service company · D8 · FY ends Mar · Revenue $50M · -23.71% margin · -$21M FCF
The business is unprofitable at the operating level (-137.29% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.2% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$19M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$50M
▼ -5.2% YoY
Net Income (TTM)
-$15M
▲ +26.9% YoY
Op. Margin
-23.71%
▲ +28.9pp YoY
ROIC
-36.82%
▼ -479.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$21M
▲ +5.6% YoY
Op. Cash Flow (TTM)
-$20M
▲ +5.6% YoY
Net Debt
$25M
Cash & Equiv.
$5M
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