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Wholesale-electronic parts & equipment, nec company · MD · FY ends Mar · Revenue $11M · -23.88% margin · $1M FCF
Operating margin is thin at 1.70%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 23.5% YoY with margins expanding 4.7pp. However, free cash flow softened 274%, worth monitoring whether this is timing or structural.
Free cash flow declined 274% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$11M
▲ +23.5% YoY
Net Income (TTM)
-$174K
▲ +172.0% YoY
Op. Margin
-23.88%
▲ +4.7pp YoY
ROIC
-46.40%
▲ +14.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▼ -273.6% YoY
Op. Cash Flow (TTM)
$1M
▼ -273.6% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
5Y CAGR: +9.8%
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