/
We are a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Our products are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, acc…
The business is unprofitable at the operating level (-21.35% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 19.6% YoY. Margins deteriorated 8.2pp alongside, both lines moving the wrong way.
ROIC dropped from -8.91% to -18.46%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$15M
▼ -19.6% YoY
Net Income (TTM)
-$14M
▼ -541.2% YoY
Op. Margin
-20.82%
▼ -8.2pp YoY
ROIC
-19.66%
▼ -9.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -36.4% YoY
Op. Cash Flow (TTM)
-$1M
▼ -139.7% YoY
Net Debt
$441K
Cash & Equiv.
$2M
5Y CAGR: -0.8%
Continue Research