Equity-heavy Balance SheetA 93.2% equity ratio signals very low leverage and strong solvency, giving the company durable financial flexibility. This supports funding of capex, R&D, or customer service needs without reliance on costly debt, improving resilience to sector shocks over months.
Positive Free Cash FlowTurning free cash flow positive after 2023 shows improved cash conversion and operational discipline. Sustainable FCF supports reinvestment, servicing working capital and reducing external funding needs, strengthening long-term operational independence if maintained.
Diversified Revenue Streams & Telecom PartnershipsMultiple product lines (hardware, software, services, consulting) plus telecom partnerships provide structural revenue diversification and distribution leverage. Recurring service contracts and bundling with partners can stabilize revenue and support cross-sell opportunities over the medium term.