Severe Revenue DeclineA nearly 46% year decline in revenue denotes meaningful demand loss or commercial setbacks. Such steep top-line deterioration erodes operating leverage, stresses margins, and requires substantial strategy or product changes to re-establish sustainable growth within months.
Negative Operating And Free Cash FlowPersistent negative operating and free cash flows indicate the company cannot self-fund operations or investments. This structural cash shortfall raises refinancing or dilution risk and constrains R&D, commercialization, and strategic flexibility over the coming 2–6 months.
Distressed Balance SheetNegative shareholder equity and a negative debt-to-equity ratio reflect financial distress and high leverage. This weak capital structure limits borrowing capacity, increases insolvency risk, and hampers the company's ability to fund operations or invest for recovery in the medium term.