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Insurance agents, brokers & service company · E9 · FY ends Jun · Revenue $39M · -19.33% margin
The business is unprofitable at the operating level (-19.33% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 53.0%, still solid. Margins contracted 24.8pp, which offsets some of the top-line progress.
ROIC dropped from 6.88% to -44.61%, capital efficiency is deteriorating. Operating margin contracted 24.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$39M
▲ +53.0% YoY
Net Income (TTM)
-$9M
▼ -574.8% YoY
Op. Margin
-19.33%
▼ -24.8pp YoY
ROIC
-44.61%
▼ -51.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$3M
▼ -450.6% YoY
Net Debt
$6M
Cash & Equiv.
$1M
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