The company is cashflow positive based on quarterly cash flow of N/A

The company is facing significant financial challenges due to macroeconomic factors such as inflation and recession concerns, which have impacted consumer spending and led to a decrease in net sales and same store sales. Despite these challenges, the company has managed to reduce its inventory and implement cost reduction measures, resulting in decreased selling, general, and administrative expenses. The company has cash and cash equivalents of $2.8 million and working capital of $82.0 million, with $128.3 million available for borrowing under its credit facilities, which it believes will be sufficient to meet its cash requirements for at least the next twelve months. The company plans to prioritize debt repayment with excess cash flow, indicating a focus on stabilizing its financial condition amidst ongoing uncertainties., Filed At: 2025-04-02