Negative ProfitabilityOngoing negative EBIT and net margins show the business still fails to cover operating and overhead costs from core activities. Persistent unprofitability erodes equity, limits reinvestment capacity, and risks solvency if operating cash flow does not meaningfully improve over coming quarters.
Weak Cash Flow MetricsNegative free cash flow growth and weak operating coverage constrain the firm's ability to self-fund network upgrades, marketing, or working capital. Structural cash shortfalls raise reliance on external financing, increasing execution risk and potentially diluting shareholders if capital is needed.
Negative Return On EquityA negative ROE signals the company is destroying shareholder value rather than generating returns on invested capital. Over months, continued negative ROE undermines investor confidence and indicates structural challenges in converting revenues into sustainable shareholder returns.