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Services-management consulting services company · D8 · FY ends Jun · Revenue $4M · -594.57% margin · -$9M FCF
The business is unprofitable at the operating level (-594.57% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 23.9%, still solid. Margins contracted 558.8pp, which offsets some of the top-line progress.
ROIC dropped from -18.67% to -117.66%, capital efficiency is deteriorating. Negative free cash flow of -$9M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4M
▲ +23.9% YoY
Net Income (TTM)
-$21M
▼ -2381.4% YoY
Op. Margin
-594.57%
▼ -558.8pp YoY
ROIC
-117.66%
▼ -99.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▼ -1038.9% YoY
Op. Cash Flow (TTM)
-$8M
▼ -1008.8% YoY
Net Debt
-$16M
Net Cash Position
Cash & Equiv.
$17M
3Y CAGR: -28.0%
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