Improving Cash GenerationTrailing-twelve-month operating cash flow has turned positive and FCF is strongly positive, shifting the company from prior years of negative cash flow. Durable FCF would fund R&D, reduce refinancing needs and support gradual deleveraging if sustained across multiple quarters.
Manageable Near-Term LeverageLatest TTM leverage is relatively low with positive equity, giving the company financial flexibility versus recent negative-equity history. This manageable capital structure reduces acute solvency risk and supports investment or partnerships while operational performance improves.
Foundational R&D BreakthroughManagement disclosed a systems-level R&D milestone in ultrasonic nanoscale precision control aimed at semiconductor process applications. If engineering validation and commercialization follow, this can create durable IP, expand TAM and differentiate offerings over a multi-quarter to multi-year horizon.