Negative Operating & Free Cash FlowPersistent negative operating and free cash flows signal ongoing cash burn from core operations. Over a 2–6 month horizon this creates a structural funding need, limits reinvestment, and increases execution risk for growth plans unless cash generation or external financing improves materially.
Weak ProfitabilityNegative EBIT and net margins, and a negative return on equity, show the company is not currently converting revenue into shareholder returns. This fundamental profitability weakness undermines sustainable cash generation and requires operational fixes or scale improvements to support long-term viability.
Ongoing Funding Reliance RiskDeclining free cash flow growth combined with negative cash flows implies reliance on external financing to maintain operations. Structurally, this raises dilution or refinancing risk over months ahead, constraining strategic flexibility and heightening sensitivity to capital market conditions.