It seems to me that the worst times are behind EXE. So what are the positives: (1) a CEO on a mission. Mihaylo has a record of prudent decision making. He is good at turn-arounds (2) Good people that can support a turn-around (3) plenty of available cash, and (4) positive cash-flow - albeit not significant a it is still positive.
I think this stock is a buy in the $1.75 - $2.25 range over the very short term.