Return To Sustained ProfitabilityThe company moved from losses to sustained net profits in 2024–2025 with margins improving to ~8.7% in 2025. This establishes a firmer earnings base for reinvestment, supports operating leverage benefits from scale, and improves the durability of cash generation over months.
Consistent Positive Free Cash FlowMulti-year positive free cash flow (2022–2025) that tracks reported earnings signals earnings quality and internal funding ability. For a leasing/service model, recurring FCF reduces reliance on external funding for device financing and supports sustainable operations and capital allocation.
Recurring Leasing/service Business ModelA lease/subscription and lifecycle services model creates recurring revenue, higher customer stickiness and cross-sell opportunities. Structurally this supports predictable revenue streams and longer customer relationships, aiding margin stability and predictable cash conversion over quarters.