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Services-business services, nec company · E9 · FY ends Dec · Revenue $8M · -301.60% margin · -$1M FCF
The business is unprofitable at the operating level (-301.60% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 114.3%, still solid. Margins contracted 111.5pp, which offsets some of the top-line progress.
ROIC dropped from -23.43% to -54.22%, capital efficiency is deteriorating. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$8M
▲ +114.3% YoY
Net Income (TTM)
-$24M
▼ -176.8% YoY
Op. Margin
-301.60%
▼ -111.5pp YoY
ROIC
-54.22%
▼ -30.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +96.7% YoY
Op. Cash Flow (TTM)
-$1M
▲ +96.7% YoY
Net Debt
-$13M
Net Cash Position
Cash & Equiv.
$13M
5Y CAGR: +43.2%
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