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Services-computer programming services company · NV · FY ends Dec · Revenue $50M · -90.56% margin · -$32M FCF
The business is unprofitable at the operating level (-190.40% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 602.4% YoY with margins expanding 736.1pp.
ROIC dropped from -107.48% to -174.64%, capital efficiency is deteriorating. Negative free cash flow of -$37M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$50M
▲ +602.4% YoY
Net Income (TTM)
-$91M
▼ -93.1% YoY
Op. Margin
-90.56%
▲ +736.1pp YoY
ROIC
-188.66%
▼ -67.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$32M
▼ -64.6% YoY
Op. Cash Flow (TTM)
-$32M
▼ -64.1% YoY
Net Debt
$8M
Cash & Equiv.
$15M
5Y CAGR: +19.3%
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