Profitability TurnaroundTTM margins near 60% gross and ~30% operating/net demonstrate substantial operational leverage and a meaningful profitability inflection. Sustained margins can generate durable cash flow, fund reinvestment or debt reduction, and provide a structural advantage versus lower-margin peers.
Improved Leverage And Balance SheetA debt-to-equity around 0.38 and sizable equity position reflect a de-risked capital structure versus prior years. Lower leverage reduces refinancing risk, expands financing optionality, and increases capacity to pursue M&A or investments without immediate dilutive funding.
Positive Cash GenerationSustained positive operating cash flow and free cash flow indicate the business can convert operations into cash. Positive FCF since 2023 supports capex, working capital needs, and gradual deleveraging, underpinning longer-term financial flexibility and resilience.