Genmab(US:GMAB) Seeking Alpha·2025-12-04 19:28Core Viewpoint - Baylin Technologies has announced the acquisition of Kaelus, marking a significant milestone in its growth strategy and operational transformation [1][2]. Group 1: Company Overview - Baylin Technologies has transitioned through different phases, with Baylin 1.0 characterized by four business units and financial struggles, including a negative adjusted EBITDA of $15 million and $40 million in debt for the first half of 2021 [2]. - The company has successfully divested its non-core mobile business, leading to sustained profitable growth and a more focused operational strategy [2]. Group 2: Financial Performance - As part of its transformation to Baylin 2.0, the company has reduced its debt by approximately 50% and improved its gross margins to around 43% [2].