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Services-advertising company · E9 · FY ends Sep · Revenue $6M · -1469.17% margin · -$3M FCF
The business is unprofitable at the operating level (-1469.17% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 47.4% YoY. Margins deteriorated 1508.3pp alongside, both lines moving the wrong way.
ROIC dropped from 4.28% to -87.32%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$6M
▼ -47.4% YoY
Net Income (TTM)
-$101M
▼ -4815.8% YoY
Op. Margin
-1469.17%
▼ -1508.3pp YoY
ROIC
-87.32%
▼ -91.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▲ +78.3% YoY
Op. Cash Flow (TTM)
-$2M
▲ +78.5% YoY
Net Debt
$2M
Cash & Equiv.
$496K
3Y CAGR: +24.9%
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