Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue decreased from the prior quarter but improved from the same quarter last year. Free cash flow remained negative, with a margin that weakened sequentially but improved compared to the prior-year period.
- Operating cash flow and free cash flow were negative and similar to each other, indicating that capital expenditure was low relative to operating cash outflow. The free cash flow margin was deeply negative, reflecting that cash conversion from revenue was substantially incomplete.
- Compared to the prior quarter, revenue was lower and operating cash outflow increased, leading to a more negative free cash flow and a weakened margin. Versus the same quarter last year, revenue was higher while operating cash outflow also increased, resulting in a higher free cash outflow but an improved margin.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$20.1M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$6.1M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$6.0M
Cash generated by operations before capital spending.
CapEx
$52000
Capital spending and related asset purchases.
FCF margin
-966.0%
The share of revenue converted into free cash flow.
Cash flow trend
A short quarterly history shows whether FCF is scaling with revenue or only spiking for one period.
| Period | Revenue | Operating CF | CapEx | FCF | FCF margin |
|---|---|---|---|---|---|
| 2024-06-30 | $345000 | -$5.5M | $14000 | -$5.5M | -1599.7% |
| 2024-09-30 | $1.2M | -$4.2M | $8000 | -$4.2M | -361.7% |
| 2024-12-31 | $902000 | -$4.3M | $7000 | -$4.3M | -472.0% |
| 2025-03-31 | $629000 | -$6.0M | $52000 | -$6.1M | -966.0% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 63.5% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 8.3% | Lower capital intensity usually supports FCF margin. |
| Net cash | n/a | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Cash Burn and Liquidity
Operating cash flow remained deeply negative and was the primary factor behind the negative free cash flow. The cash balance decreased substantially from the prior period-end.
Continued negative operating cash flow reduces available liquidity and increases reliance on external financing.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow and free cash flow were negative and similar to each other, indicating that capital expenditure was low relative to operating cash outflow. The free cash flow margin was deeply negative, reflecting that cash conversion from revenue was substantially incomplete.
Compared to the prior quarter, revenue was lower and operating cash outflow increased, leading to a more negative free cash flow and a weakened margin. Versus the same quarter last year, revenue was higher while operating cash outflow also increased, resulting in a higher free cash outflow but an improved margin.
Monitor the trend in cash and cash equivalents, which decreased significantly from the prior quarter-end.