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Services-prepackaged software company · E9 · FY ends Dec · Revenue $49M · -41.45% margin · -$21M FCF
The business is unprofitable at the operating level (-41.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 7.2%, steady but not accelerating.
Negative free cash flow of -$21M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$49M
▲ +7.2% YoY
Net Income (TTM)
-$23M
▼ -80.8% YoY
Op. Margin
-41.45%
▲ +15.0pp YoY
ROIC
-9.69%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$21M
▲ +27.9% YoY
Op. Cash Flow (TTM)
-$21M
▲ +28.1% YoY
Net Debt
$63M
Cash & Equiv.
$19M
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