Persistent And Rising Cash BurnOperating and free cash flow have been negative each year and cash burn grew in FY2025, eroding runway. Persistent, increasing outflows force reliance on external financing, heighten dilution risk, and constrain strategic flexibility over the medium term.
Deep, Sustained Operating LossesDespite revenue growth, Amplia remains deeply loss-making with large negative operating results and highly negative net margins. Sustained operating losses indicate the company is not yet at commercial scale and profitability depends on significant revenue expansion or material cost reduction.
Negative ROE And Uneven Equity GrowthPersistent negative returns on equity and a material equity dip in FY2024 (partial recovery in FY2025) signal erosion of shareholder value from ongoing losses and likely capital raises. Inconsistent equity growth undermines long-term return metrics and may reflect dilution risk.