/
Services-computer processing & data preparation company · V8 · FY ends Dec · Revenue $19M · -247.26% margin · -$33M FCF
The business is unprofitable at the operating level (-247.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 62.4%, still solid. Margins contracted 16.3pp, which offsets some of the top-line progress.
ROIC dropped from -63.40% to -84.17%, capital efficiency is deteriorating. Negative free cash flow of -$33M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$19M
▲ +62.4% YoY
Net Income (TTM)
-$6M
▲ +54.8% YoY
Op. Margin
-247.26%
▼ -16.3pp YoY
ROIC
-84.17%
▼ -20.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$33M
▼ -80.5% YoY
Op. Cash Flow (TTM)
-$32M
▼ -82.1% YoY
Net Debt
-$430M
Net Cash Position
Cash & Equiv.
$439M
5Y CAGR: +5.5%
Continue Research