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We are a leading provider of tech-enabled Testing, Inspection, Certification and Compliance (TICC), engineering, and geospatial services. We provide mission-critical services that are essential to the safety, reliability, and efficiency of industrial assets, buildings, and public infrastructure.
The business is unprofitable at the operating level (-1.12% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Net debt of $1.27B represents 20.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.78B
Net Income (TTM)
-$103M
Op. Margin
-2.06%
ROIC
-0.87%
Cash Flow & Balance Sheet
FCF (TTM)
$37M
Op. Cash Flow (TTM)
$72M
Net Debt
$1.28B
Cash & Equiv.
$427M
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