Negative Equity / Solvency RiskNegative shareholders' equity of -$1.75M and a debt-to-equity ratio of -9.35 signal structural solvency weakness. This elevated leverage constrains financing options, increases refinancing risk, and may force dilutive capital raises or creditor concessions to sustain operations over months.
Negative Operating And Free Cash FlowConsistent negative operating and free cash flow, with operating cash flow to net income at -0.19 and FCF closely aligned to net losses, indicates poor cash generation. Structural cash deficits limit reinvestment ability and make the business dependent on external funding in the medium term.
Severe Net Losses And Revenue DeclineVery large net losses and a >100% reported revenue decline reflect deep operational and demand challenges. Such extreme negative margins erode retained capital, undermine stakeholder confidence, and create a long runway requirement to restore profitable growth and competitive positioning.