No the company was good under the first administration, since...

No the company was good under the first administration, since the original founder and CEO left, the place has become a dog and a stray dog at that. There has been no management that knows a thing about the business. The board has remained unchanged, money for the boys and girls while revenues have fallen through the floor.
Expenses have been contained by sackings everywhere, they have some money in the bank but no new revenue at all.
This model is not sustainable under any circumstances, it is holding off the inevitable day of last one out turning off the lights.
Meanwhile until that happens, you can hear the snorts in the trough coming from the dare I say it, bored room.