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Services-educational services company · E9 · FY ends Dec · Revenue $11M · -54.43% margin · $693K FCF
The business is unprofitable at the operating level (-54.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 28.3% YoY. Margins deteriorated 52.3pp alongside, both lines moving the wrong way.
ROIC dropped from -1.36% to -24.73%, capital efficiency is deteriorating. Operating margin contracted 52.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$11M
▼ -28.3% YoY
Net Income (TTM)
-$6M
▼ -881.0% YoY
Op. Margin
-54.43%
▼ -52.3pp YoY
ROIC
-24.73%
▼ -23.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$693K
▲ +115.3% YoY
Op. Cash Flow (TTM)
$845K
▲ +157.4% YoY
Net Debt
-$14M
Net Cash Position
Cash & Equiv.
$14M
5Y CAGR: -8.8%
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