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Construction - special trade contractors company · D8 · FY ends Dec · Revenue $4M · -63.58% margin
The business is unprofitable at the operating level (-63.58% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 41.3% YoY. Margins deteriorated 52.3pp alongside, both lines moving the wrong way.
ROIC dropped from -19.82% to -31.18%, capital efficiency is deteriorating. Operating margin contracted 52.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$4M
▼ -41.3% YoY
Net Income (TTM)
-$3M
▼ -292.1% YoY
Op. Margin
-63.58%
▼ -52.3pp YoY
ROIC
-31.18%
▼ -11.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$2M
▲ +58.8% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$4M
3Y CAGR: -1.0%
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