/
Construction, mining & materials handling machinery & equip company · E9 · FY ends Dec · Revenue $16M · -1.55% margin · -$4M FCF
The business is unprofitable at the operating level (-1.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 22.0% YoY with margins expanding 3.6pp.
Negative free cash flow of -$4M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$16M
▲ +22.0% YoY
Net Income (TTM)
-$170K
▲ +64.5% YoY
Op. Margin
-1.55%
▲ +3.6pp YoY
ROIC
-0.93%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -204.6% YoY
Op. Cash Flow (TTM)
-$3M
▼ -275.3% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$7M
3Y CAGR: -1.5%
Continue Research