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Computer peripheral equipment, nec company · L3 · FY ends Dec · Revenue $551M · -13.15% margin · -$7M FCF
The business is unprofitable at the operating level (-13.15% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.7% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$551M
▼ -3.7% YoY
Net Income (TTM)
-$104M
▲ +13.3% YoY
Op. Margin
-13.15%
▲ +1.8pp YoY
ROIC
-6.76%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▼ -128.6% YoY
Op. Cash Flow (TTM)
$15M
▲ +93.5% YoY
Net Debt
-$218M
Net Cash Position
Cash & Equiv.
$245M
5Y CAGR: +1.1%
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