RE:RE:RE:RE:Results The receivables to revenue ratio increased compared to last year which is concerning. If the receivables never get collected (hypothetical) then it would wipe out the entire equity of the company and go negative.
When you factor the non cash working capital, then free cash flow was negative for the year. It is impossible to pay down debt without cash collected from receivables.
As an investor, I would need more clarity on the financial impact bill 10 will have on their operations over the next several years. Their debt load is way too high and the risks are certainly there.
Too early to get excited imo.