Low Leverage (debt-to-equity ~0.09)Very low debt relative to equity reduces financial risk and interest burden, giving management flexibility to weather operational headwinds. This conservative capital structure lengthens runway for turnaround actions and reduces near-term refinancing pressure versus highly leveraged peers.
Narrower 2025 Loss And Margin ReboundMaterial improvement in 2025 profitability metrics signals meaningful operational adjustments or better contract/mix management. A halved net loss and rising gross margin indicate the company may be stabilising core operations, reducing the severity of cash burn and improving prospects for sustained recovery if trends continue.
Improving Cash-flow Trend (less Severe Burn)An improving free cash flow trend, even while still negative, shows the company has begun to curb cash outflows through cost control or working-capital changes. If sustained, this reduces dependency on external financing and provides time to achieve operational breakeven without immediate capital raises.