Plastic material, synth resin/rubber, cellulos (no glass) company · NV · FY ends Dec · Revenue $32K · -662.42% margin · -$109K FCF
The business is unprofitable at the operating level (-138.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 87.0% YoY. Margins deteriorated 153.9pp alongside, both lines moving the wrong way.
Free cash flow declined 85% versus the prior year, cash generation momentum has weakened. ROIC dropped from 35.01% to -49.11%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$32K
▼ -87.0% YoY
Net Income (TTM)
-$166K
▼ -171.7% YoY
Op. Margin
-662.42%
▼ -153.9pp YoY
ROIC
-61.29%
▼ -84.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$109K
▼ -84.9% YoY
Op. Cash Flow (TTM)
-$109K
▼ -84.9% YoY
Net Debt
-$14K
Net Cash Position
Cash & Equiv.
$14K
5Y CAGR: -41.4%
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