Declining RevenuesSignificant revenue decline (near -19% reported) reflects deteriorating top-line scale, which over months can erode pricing power and fixed-cost absorption. Continued shrinkage limits the ability to leverage overhead and undermines efforts to return to sustained profitable growth without material commercial fixes.
Negative Profitability / ReturnsConsistently negative net profit margins and a negative ROE indicate the company is not generating returns on shareholder capital. This structural profitability shortfall constrains reinvestment, weakens equity holders' outcomes, and may necessitate ongoing external funding to maintain operations.
Weak Operating Cash ConversionNegative operating cash flow and poor conversion of net income into cash are enduring concerns for liquidity and viability. Over months this trend forces dependency on financing, limits ability to invest in growth or inventory, and raises the probability of disruptive funding needs if not corrected.