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Laboratory apparatus & furniture company · UT · FY ends Dec · Revenue $2M · -3.63% margin
The business is unprofitable at the operating level (-43.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 47.1% YoY. Margins deteriorated 47.7pp alongside, both lines moving the wrong way.
ROIC dropped from 3.85% to -16.45%, capital efficiency is deteriorating. Operating margin contracted 47.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2M
▼ -47.1% YoY
Net Income (TTM)
-$29K
▼ -613.5% YoY
Op. Margin
-3.63%
▼ -47.7pp YoY
ROIC
-2.27%
▼ -20.3pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$309K
▼ -13.0% YoY
Net Debt
-$833K
Net Cash Position
Cash & Equiv.
$1M
5Y CAGR: -7.0%
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