Looks good to me... The nature of buying power equipment and installing it means your income/cashflow is always going to lag your expenses and make things look worse while you grow the number of stations. Plant and equipment grew a lot, which matches this growth path...
They drew down the cash on hand a lot but hopefully the new stations will start providing income next year and fill the bucket back up so that further expansion is via cashflow and not debt.
As long as they make enough from each station to cover the funding costs, then even debt isn't such a worry as you're only really carrying repayment risk until they turn on...
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