Overall Score

Financial Distress Risk

Current ratio remains extremely low at 0.13, indicating severe short-term liquidity pressure.

Net current asset value is deeply negative at -$256.4M, reinforcing balance-sheet stress.

Debt load remains heavy relative to market cap, with debt-to-market-cap at 48.3x and debt-to-assets at 1.21x.

Profitability Cash Flow Risk

TTM margins remain negative, with EBIT margin at -27.4% and net margin at -33.4%.

Free cash flow remains negative, with FCF yield at -5.9% and EV/FCF at -8.35x.

Interest coverage remains negative at -0.25x, showing the business is not covering interest from operating earnings.

Operational Execution Risk

Operating cash flow remains negative at -$56.8 per share, while capex coverage is also negative.

Working capital remains deeply negative at -$204.9M, limiting operating flexibility.

Income quality remains weak at 0.22, suggesting earnings are not translating into cash.