High Gross Margins / Scalable Software ModelAn ~88% gross margin indicates a software-centric cost structure with low incremental costs to add users. That supports durable operating leverage: if sales recover, revenue expansion can translate to margin expansion, making profitability achievable without material increases in COGS.
Debt-free Balance SheetZero financial leverage reduces refinancing and interest-rate risk, giving strategic flexibility to fund product development or sales investment from equity or cash. This structural conservatism is a persistent buffer while the company addresses operating losses.
Recurring Licensing Model In Healthcare ProvidersA licensing/subscription model to hospitals and health systems creates recurring, contractable revenue and sticky customer relationships. In healthcare, switching costs and integration needs are high, supporting predictable renewal streams and long-term revenue visibility if retention holds.