Improved Cash GenerationThe material swing to positive operating and free cash flow in 2025 reflects improved cash conversion and internal funding ability. Durable free cash generation reduces near-term refinancing needs, supports working capital and targeted capex, and provides a clearer runway to sustain operations if revenue holds.
Revenue ReboundA sharp, multi-year revenue rebound signals renewed end-market demand and improved commercial execution. Sustained top-line growth is a key durable driver of scale, helping absorb fixed costs, support R&D and installation capability, and underpin a plausible path toward consistent profitability.
Margin / EBITDA ImprovementStable gross margins around 29% combined with a return to positive EBITDA show operational leverage and cost structure fixes are taking hold. If sustained, this provides a structural foundation to convert operating improvements into net profits once overhead, interest and non-cash charges are controlled.