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Services-prepackaged software company · D8 · FY ends Dec · Revenue $2M · -414.62% margin · -$4M FCF
The business is unprofitable at the operating level (-414.62% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 218.6%, still solid. Margins contracted 184.5pp, which offsets some of the top-line progress.
ROIC dropped from -4.74% to -24.79%, capital efficiency is deteriorating. Negative free cash flow of -$4M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2M
▲ +218.6% YoY
Net Income (TTM)
-$10M
▼ -453.0% YoY
Op. Margin
-414.62%
▼ -184.5pp YoY
ROIC
-24.79%
▼ -20.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -13.4% YoY
Op. Cash Flow (TTM)
-$3M
▼ -7.0% YoY
Net Debt
$13M
Cash & Equiv.
$2M
5Y CAGR: -27.4%
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