Overall Score

Bargaining Power Of Suppliers

Supplier power is moderate because the company has a high gross margin profile, suggesting some ability to absorb input costs.

The company’s current ratio of 4.50 and cash ratio of 1.41 indicate ample liquidity, reducing near-term dependence on suppliers for financing support.

Bargaining Power Of Customers

Customer power remains moderate as the business still generates revenue, but the TTM revenue per share of 0.36 is low relative to the current valuation.

Weak profitability and negative operating margins suggest limited pricing power versus customers.

Threat Of New Entrants

The company’s low price-to-book ratio of 0.39 and net current asset value of 63.3M suggest some asset-backed resilience, but not a strong moat.

Negative returns on capital and weak operating performance imply the business is not yet demonstrating a durable barrier to entry.

Threat Of Substitutes

Substitution risk is moderate because the company’s weak margins and negative free cash flow make it vulnerable to alternative offerings.

However, the high gross margin of 74.3% suggests the core product or service still has some differentiation.

Rivalry Among Existing Competitors

Rivalry appears moderate-to-high given negative EBIT, EBITDA, and net margins, which often indicate a competitive market with limited pricing discipline.

The company’s strong liquidity and low leverage help it withstand competitive pressure in the near term.