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As a cloud-based, Fintech payment processor, we serve multiple industry verticals with technology that facilitates payment acceptance and funds disbursement in a single, full-stack ecosystem. We provide payment acceptance through multiple payment methods including: payment facilitation, prepaid card and electronic billing products and services to businesses, merchants and consumers.
The business is unprofitable at the operating level (-2.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 3.0%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 60% versus the prior year, cash generation momentum has weakened. ROIC dropped from -5.60% to -8.32%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$89M
▲ +3.0% YoY
Net Income (TTM)
-$2M
▼ -176.0% YoY
Op. Margin
-2.13%
▼ -1.0pp YoY
ROIC
-6.71%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$276K
▼ -60.1% YoY
Op. Cash Flow (TTM)
$1M
▼ -47.7% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: +21.5%
5Y CAGR: -27.6%
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