ManagementThe transition will be smooth as Mr. Ramberg has been with the company since 2006 including serving as the CFO between 2006-2014 before transitioning as an EVP of Strategic Initiatives.
Positive ProgressBODI has made good progress in its turnaround story, evidenced by two consecutive quarters of positive adj. EBITDA, and FY24 set up for a significantly lower breakeven.
Turnaround PlanBODI still has significant upside potential if it can execute the turnaround plan with further cost cuts and utilize the multiple options to drive.