YSS

In a Stage 4 decline characterized by sustained lower highs and lower lows, momentum remains bearish despite extreme oversold conditions; medium-term bias stays bearish, and execution is deferred until rallies into declining EMA and 50-day MA resistance zones for trimming on failure.

• ↑Backlog grew 18% YoY to $642.3 M, underpinning revenue visibility.
• ↑Q1 revenue of $116 M (+9% YoY) shows sustained demand.
• ↓Securities investigation dents credibility; low 13F ownership signals doubt.