Strong Revenue GrowthSustained ~25% revenue growth reflects durable demand for subscription connectivity in regional and underserved markets. Recurring monthly revenues improve predictability and provide a larger base to scale fixed-cost recovery, supporting potential margin expansion if unit economics are preserved.
Improving Operating Cash FlowAn improving operating cash flow indicates the core business is converting sales into cash more effectively, reducing reliance on financing. Over a multi-month horizon this trend can help bridge the gap to positive free cash flow once capex stabilises, strengthening liquidity and funding for network investment.
Balanced Leverage And Healthy Equity RatioA moderate debt profile and healthy equity ratio give the company financial flexibility to invest in network rollout and absorb short-term losses. This capital structure supports resilience and access to funding, enabling execution on regional expansion without excessive interest burden while profitability is addressed.