Negative ProfitabilityA sustained negative net margin (~-12%) shows the company is not converting high gross profits into net earnings, signaling structural cost, SG&A, or financing issues. Persistent losses erode equity and limit retained earnings for reinvestment over time.
Revenue ContractionDeclining revenue, even modestly, undermines scale economics critical for telecoms where fixed costs and capex are high. Over multiple quarters, shrinking top-line can pressure margins, slow network upgrades, and weaken competitive positioning versus growing peers.
Negative Return On EquityA negative ROE indicates the company is destroying shareholder capital rather than earning returns on equity. Over the medium term this constrains the ability to attract investment, hampers dividend sustainability, and signals inefficiencies in capital allocation.