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Management s Discussion and Analysis of Financial Condition and Results of Operations as such factors may be updated from time to time in our other filings with the SEC. Prior to investing in our common stock, you should read this Annual Report and the documents we have filed as exhibits to this Annual Report completely and with the understanding that our actual future results may be materially…
The business is unprofitable at the operating level (-11.77% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 23.9%, still solid. Margins contracted 2.5pp, which offsets some of the top-line progress.
ROIC dropped from -30.19% to -69.59%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$17M
▲ +23.9% YoY
Net Income (TTM)
-$3M
▼ -283.7% YoY
Op. Margin
-11.77%
▼ -2.5pp YoY
ROIC
-69.59%
▼ -39.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$998K
▼ -4755.9% YoY
Net Debt
$1M
Cash & Equiv.
$0.00
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