/
Truck & bus bodies company · E9 · FY ends Jun · Revenue $11M · -120.60% margin · -$6M FCF
The business is unprofitable at the operating level (-120.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 82.0%, still solid. Margins contracted 24.5pp, which offsets some of the top-line progress.
Negative free cash flow of -$6M. The business is consuming cash, not generating it. Operating margin contracted 24.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$11M
▲ +82.0% YoY
Net Income (TTM)
-$13M
▼ -122.6% YoY
Op. Margin
-120.60%
▼ -24.5pp YoY
ROIC
-157.48%
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▲ +5.9% YoY
Op. Cash Flow (TTM)
-$6M
▲ +5.3% YoY
Net Debt
$12M
Cash & Equiv.
$91K
Continue Research