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Services-medical laboratories company · X0 · FY ends Jun · Revenue $2M · -1054.93% margin · -$24M FCF
The business is unprofitable at the operating level (-1293.49% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 32.7% YoY. Margins deteriorated 52.8pp alongside, both lines moving the wrong way.
ROIC dropped from -126.08% to -246.23%, capital efficiency is deteriorating. Negative free cash flow of -$30M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2M
▼ -32.7% YoY
Net Income (TTM)
-$28M
▲ +26.6% YoY
Op. Margin
-1054.93%
▼ -52.8pp YoY
ROIC
-415.32%
▼ -120.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$24M
▲ +11.6% YoY
Op. Cash Flow (TTM)
-$24M
▲ +11.7% YoY
Net Debt
$3M
Cash & Equiv.
$909K
3Y CAGR: +15.4%
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