Volatile And Weak Net ProfitabilityEarnings have been highly inconsistent, with a meaningful net loss and multi-year swings between profit and large losses. This volatility undermines forecasting accuracy, weakens investor confidence, and complicates long-term capital allocation and incentive alignment for management.
Sharp Revenue DeclineA ~59% year-over-year revenue drop signals material demand or execution issues and reduces operating scale. Loss of revenue impairs fixed-cost absorption and margin recovery, meaning profitable scaling will require sustained top-line improvement over multiple reporting periods.
Persistently Negative Returns On EquityNegative ROE (~-4.9%) over multiple years shows shareholder capital has not delivered returns, reflecting poor capital efficiency. Persistent negative ROE deters new equity investment, limits internal funding for growth, and increases pressure on management to improve long-term value creation.