Most of the net fixed assets are trucks and trailers. Unfortunately for them, they likely had to pay large premiums at the time to purchase them (Covid-19 premium). But going forward new trucks will be needed if their crew size grows as the only other alternative is to extend out installation time or they can lease if needed. If they need to rent new buildings in new cities then their will be additional leasehold improvements.
The bottomline is there needs to be great improvement in gross margins. They need to be up around 30% vs the current 7%.
The company needs money now and lots of it especially to make all those weekly note repayments.
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