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Services-prepackaged software company · DE · FY ends Dec · Revenue $448M · -5.61% margin · -$2M FCF
The business is unprofitable at the operating level (-9.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.2% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$448M
▼ -9.2% YoY
Net Income (TTM)
-$46M
▼ -302.2% YoY
Op. Margin
-5.61%
▲ +7.9pp YoY
ROIC
-4.08%
▲ +6.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +90.2% YoY
Op. Cash Flow (TTM)
$4M
▲ +99.1% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$70M
5Y CAGR: +3.6%
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