LCI's problem is not merely total debt, but the 29% reduction in revenues YOY, including in 7 of 10 product categories, with CNS down 3%. But, hey, that does not even account for their failure in commercializing Elite's XR. Interestingly, last year when their p/s was above $5 (now 50 cents), they told the analysts on multiple Q calls they were going to hit one billion dollars in revenues by 2024-2025. Oops!
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