No Operating Cash FlowA lack of positive operating cash flow is a durable liquidity concern: it limits the firm's ability to self‑fund capex, R&D, or working capital needs, and increases reliance on external financing. Over months this can constrain growth execution and elevate refinancing or covenant risks.
Profitability WeaknessPersistent negative operating profit and volatile net income signal structural margin pressure and cost management issues. Without stable positive EBIT, the company may struggle to convert revenue growth into sustainable earnings, weakening long‑term reinvestment capacity and shareholder returns.
Declining Asset And Equity BaseA shrinking asset base and falling equity suggest erosion of the company's resource base or asset disposals. This trend can reduce scale, impair creditworthiness, and limit the capacity to bid for larger projects, posing a lasting constraint on growth and strategic flexibility over the medium term.