Conservative Balance Sheet With Near-zero DebtNear-zero leverage and a sizable equity cushion give the company lasting financial flexibility to withstand industry cycles, avoid interest burdens, and fund operations or opportunistic investments without urgent refinancing, supporting stability over the next several months.
Operating And Free Cash Flow Turned Positive In 2024A material improvement in operating and free cash flow signals improving cash conversion and internal funding capacity. If sustained, this reduces reliance on external capital, enables cash-funded working capital or modest capex, and meaningfully improves medium-term resilience.
Losses Smaller Than 2019–2022 ExtremesA reduction in loss severity versus prior years suggests operational stabilization and potential progress toward break-even. This trend, if maintained alongside cost discipline, improves the probability of durable margin recovery and long-term viability.