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Fabricated structural metal products company · DE · FY ends Mar · Revenue $33M · -1.53% margin · -$4M FCF
The business is unprofitable at the operating level (-6.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 7.7%, steady but not accelerating.
Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$33M
▲ +7.7% YoY
Net Income (TTM)
-$1M
▲ +61.0% YoY
Op. Margin
-1.53%
▲ +8.3pp YoY
ROIC
-2.06%
▲ +7.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -88.7% YoY
Op. Cash Flow (TTM)
$143K
▼ -182.3% YoY
Net Debt
$10M
Cash & Equiv.
$50K
5Y CAGR: +16.3%
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