Overall Score

Revenue Quality

Revenue base remains sizable, with revenue per share at 476.2 and price-to-sales at 0.20, indicating the market is valuing the business cheaply relative to sales.

Gross margin is 25.3%, but profitability is weak with EBIT margin at -19.8% and net margin at -16.1%.

Profitability

Returns are deeply negative, with ROA at -14.6%, ROE at -68.4%, and ROIC at -19.3%.

Operating cash flow and free cash flow are both negative, with OCF per share at -43.3 and FCF per share at -45.3.

Balance Sheet

Liquidity is acceptable with a current ratio of 1.75 and quick ratio of 1.75, supporting near-term obligations.

Leverage remains elevated, with debt-to-equity at 1.75 and debt-to-assets at 56.1%, while cash per share is only 2.55.

Cash Flow

Cash generation is negative, with operating cash flow ratio at -0.17 and free cash flow yield at -48.8%.

Capital spending is light relative to revenue, but it is not enough to offset weak operating performance and negative free cash flow.

Capital Efficiency

Asset turnover is 0.91, but returns on capital remain poor, with return on capital employed at -35.2% and return on invested capital at -19.3%.

Working capital efficiency is weak, with days sales outstanding at 342.1 and a cash conversion cycle of 313.0 days.