Overall Score

Pricing Power

Gross margin is only 11.0%, indicating very limited pricing power.

Negative net margin (-22.8%) suggests the company is not converting sales into profits.

Cost Advantage

Operating margin is -24.4%, showing the cost structure is not supporting durable advantage.

SG&A remains elevated at 23.7% of revenue, limiting operating leverage.

Scale Efficiency

Asset turnover is 2.15x, which is decent but not enough to offset weak margins.

Working capital turnover of 8.19x and a negative cash conversion cycle (-3.8 days) indicate efficient short-term operations.

Switching Costs Customer Stickiness

No direct evidence of meaningful switching costs is visible in the financials.

Receivables days of 24.3 and inventory days of 2.3 suggest normal operating behavior rather than lock-in.

Balance Sheet Resilience

Current ratio of 1.53x and quick ratio of 1.50x indicate adequate near-term liquidity.

Debt appears manageable with debt-to-equity of 0.24x and interest coverage of 188.3x, but profitability remains deeply negative.