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Services-educational services company · F4 · FY ends Dec · Revenue $15M · -154.26% margin · $4M FCF
The business is unprofitable at the operating level (-154.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 41.5% YoY. Margins deteriorated 41.3pp alongside, both lines moving the wrong way.
Operating margin contracted 41.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$15M
▼ -41.5% YoY
Net Income (TTM)
-$22M
▲ +16.5% YoY
Op. Margin
-154.26%
▼ -41.3pp YoY
ROIC
-30.63%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4M
▲ +121.4% YoY
Op. Cash Flow (TTM)
$5M
▲ +128.0% YoY
Net Debt
-$44M
Net Cash Position
Cash & Equiv.
$58M
5Y CAGR: -40.2%
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