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Our Company We are a purpose-built, innovation-driven defense technology and space solutions company focused on delivering mission-critical solutions across national security, space exploration and infrastructure and commercial space markets. Our company was purpose-built to address some of the most complex and consequential challenges facing the defense and space sectors, where technological l…
$44.64
+$4.54 (+11.32%)
Price from 14 days ago
The business is unprofitable at the operating level (-65.20% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.4%, still solid. Margins contracted 31.6pp, which offsets some of the top-line progress.
Negative free cash flow of -$206M. The business is consuming cash, not generating it. Operating margin contracted 31.6pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$167M
▲ +15.4% YoY
Net Income (TTM)
-$122M
▼ -68.9% YoY
Op. Margin
-75.89%
▼ -31.6pp YoY
ROIC
-14.09%
▲ +440.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$255M
▼ -90.0% YoY
Op. Cash Flow (TTM)
-$86M
▼ -139.0% YoY
Net Debt
$43M
Cash & Equiv.
$429M
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