Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue increased from the prior quarter but remained lower than the same quarter last year. Free cash flow was negative and the free cash flow margin weakened compared to both the prior quarter and the year-ago quarter.
- Operating cash flow was negative and capital expenditure was positive, resulting in negative free cash flow. The free cash flow margin was deeply negative, indicating that cash conversion from revenue was not achieved.
- Compared to the immediately preceding quarter, revenue was higher while operating cash flow, free cash flow, and free cash flow margin all weakened. Compared to the same quarter one year earlier, revenue was lower and operating cash flow, free cash flow, and free cash flow margin also weakened.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$25.0M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$7.1M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$6.1M
Cash generated by operations before capital spending.
CapEx
$1.0M
Capital spending and related asset purchases.
FCF margin
-11683.6%
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 |
|---|---|---|---|---|---|
| 2024-09-30 | $101000 | -$4.6M | $514000 | -$5.1M | -5040.6% |
| 2024-12-31 | $62000 | -$3.8M | $2.9M | -$6.6M | -10709.7% |
| 2025-03-31 | $39000 | -$4.4M | $1.7M | -$6.2M | -15805.1% |
| 2025-06-30 | $61000 | -$6.1M | $1.0M | -$7.1M | -11683.6% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 19.5% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 1678.7% | 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.
Negative Operating Cash Flow
Operating cash flow was negative and lower than both the prior quarter and the year-ago quarter. This was the strongest observable driver of the negative free cash flow.
The negative operating cash flow directly contributed to the negative free cash flow and the weakened free cash flow margin.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow was negative and capital expenditure was positive, resulting in negative free cash flow. The free cash flow margin was deeply negative, indicating that cash conversion from revenue was not achieved.
Compared to the immediately preceding quarter, revenue was higher while operating cash flow, free cash flow, and free cash flow margin all weakened. Compared to the same quarter one year earlier, revenue was lower and operating cash flow, free cash flow, and free cash flow margin also weakened.
Monitor the trend in operating cash flow, as it remained negative and weakened compared to both the prior quarter and the year-ago quarter.