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Crude petroleum & natural gas company · TX · FY ends Dec · Revenue $5M · -68.28% margin
The business is unprofitable at the operating level (-73.86% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 4.4%, steady but not accelerating. Margins contracted 32.1pp, which offsets some of the top-line progress.
ROIC dropped from -8.31% to -16.78%, capital efficiency is deteriorating. Operating margin contracted 32.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$5M
▲ +4.4% YoY
Net Income (TTM)
-$2M
▼ -199.2% YoY
Op. Margin
-68.28%
▼ -32.1pp YoY
ROIC
-15.97%
▼ -8.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$40K
▼ -160.3% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$5M
5Y CAGR: +4.5%
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