It's the balance sheet, st*pid!This company is suffering from "fatty liver" syndrome. It's high time to announce some SERIOUS shedding of the fat that it has accumulated.
And reduce DEBT!
While revenues have grown acceptably y/y for the past 5 years (i.e. low single digits) its interest payments have ballooned, from 2021 to 2023.
Just click on "Financials" above and check out "Income Statement".
The CFO has not been nimble enough in his reaction to a rapidly changing interest scene. Employee cuts are not enough. They take their time in showing improvements on the bottom line.
Divesting non core elements, and we have no dearth of them, is the fastest route. I have ranted here before as to what I think they are.
Time to act.