Sharp Revenue Decline (-53.6%)A greater-than-50% revenue drop materially reduces scale and market presence, weakening fixed-cost absorption and pricing leverage. Sustained top-line contraction undermines long-term profitability prospects and limits reinvestment capacity absent a clear recovery path.
Negative Profitability (net Profit & EBIT Margins)Ongoing negative EBIT and net margins indicate the business is not covering operating costs from core activities. Persistent unprofitability erodes equity, constrains strategic initiatives, and increases dependence on financing, damaging durable shareholder value creation.
Negative Operating And Free Cash FlowsNegative operating and free cash flows mean the company burns cash in its core operations and lacks self-funded investment capacity. This structural cash shortfall raises refinancing risk and limits ability to fund capex or absorb shocks over the next several quarters.