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Because of the breadth of these laws and the need to fit certain activities within one of the statutory exceptions and safe harbors available, it is possible that some of our business activities could be subject to challenge under one or more of such laws. Achieving and sustaining compliance with these laws may prove costly. 30 Table of Contents Failure to comply with these laws and other laws …
Operating margin is thin at 1.38%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 729.2% YoY with margins expanding 17.7pp. However, free cash flow softened 24%, worth monitoring whether this is timing or structural.
Free cash flow declined 24% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$238M
▲ +729.2% YoY
Net Income (TTM)
$1M
▲ +578.8% YoY
Op. Margin
-1.21%
▲ +17.7pp YoY
ROIC
-2.02%
▲ +5.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5M
▼ -24.4% YoY
Op. Cash Flow (TTM)
$5M
▼ -24.4% YoY
Net Debt
-$31M
Net Cash Position
Cash & Equiv.
$31M
5Y CAGR: +24.6%
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