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Information about our Executive Officers in Part I of this Form 10-K; information concerning our nominating and audit committees, appearing under the caption Information About the Board of Directors and Corporate Governance in our Proxy Statement; and information under the caption Other Matters Delinquent Section 16(a) Reports in the Proxy Statement are incorporated herein by reference in respo…
The business is unprofitable at the operating level (-3.18% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.8% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$22M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$410M
▼ -5.8% YoY
Net Income (TTM)
-$28M
▲ +16.6% YoY
Op. Margin
-5.39%
▲ +2.0pp YoY
ROIC
-12.52%
▲ +4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$19M
▼ -12.4% YoY
Op. Cash Flow (TTM)
-$16M
▼ -33.0% YoY
Net Debt
$107M
Cash & Equiv.
$6M
5Y CAGR: -6.1%
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