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Unless the section herein specifies otherwise, references to the Company, we, us or our are to, (a) prior to the consummation of the business combination (the CF Business Combination ) contemplated by that certain business combination agreement, dated December 1, 2021 (as amended, the CF Business Combination Agreement ), by and between CF Acquisition Corp. VI, a Delaware corporation ( CF VI ), …
The business is unprofitable at the operating level (-125.87% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 5.4%, steady but not accelerating.
Negative free cash flow of -$74M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$102M
▲ +5.4% YoY
Net Income (TTM)
-$109M
▲ +75.8% YoY
Op. Margin
-126.37%
▲ +11.2pp YoY
ROIC
-35.57%
▲ +8.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$78M
▲ +16.9% YoY
Op. Cash Flow (TTM)
-$73M
▲ +19.1% YoY
Net Debt
-$217M
Net Cash Position
Cash & Equiv.
$219M
3Y CAGR: +36.7%
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