Debt And LiquidityLiquidity issue needs to be rectified, as going concern language triggers a default of the company's senior secured term loan, leading to a potential default of the rest of the company's debt.
Financial OutlookGoing concern language was added to the company's 10Q filing, reflecting concerns about the company's cash and liquidity position outlook for the next year.
Revenue And PerformancePHA revenues were below expectations as supplier diversification at Starbucks was not sufficiently offset by ramping volumes from other customers.