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) ; the continued remediation of material weaknesses in our internal control over financial reporting; and our competitive market position within our industry. Important factors that could cause actual results to differ materially from such plans, estimates, or expectations include, among others: unexpected costs, charges, or expenses resulting from the Transactions or the Restructuring Plan; u…
The business is unprofitable at the operating level (-210.74% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 70.9%, still solid. Margins contracted 168.9pp, which offsets some of the top-line progress.
ROIC dropped from -9.34% to -62.14%, capital efficiency is deteriorating. Operating margin contracted 168.9pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$489M
▲ +70.9% YoY
Net Income (TTM)
-$556M
▼ -762.8% YoY
Op. Margin
-125.56%
▼ -168.9pp YoY
ROIC
-79.53%
▼ -52.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4M
▲ +124.4% YoY
Op. Cash Flow (TTM)
$4M
▲ +125.2% YoY
Net Debt
-$33M
Net Cash Position
Cash & Equiv.
$48M
3Y CAGR: +35.2%
3Y CAGR: -16.8%
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