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Semiconductors & related devices company · L3 · FY ends Dec · Revenue $28M · -1.15% margin · -$6M FCF
The business is unprofitable at the operating level (-1.15% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 0.9%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$28M
▲ +0.9% YoY
Net Income (TTM)
$4M
▲ +467.0% YoY
Op. Margin
-1.15%
▲ +1.7pp YoY
ROIC
-0.48%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -120.3% YoY
Op. Cash Flow (TTM)
-$5M
▼ -324.3% YoY
Net Debt
$8M
Cash & Equiv.
$12M
5Y CAGR: +18.8%
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