Declining Revenue TrendA multi-period revenue decline undermines the platform’s scale economics and weakens bargaining power with suppliers. If sustained, it can erode take-rates, reduce supplier and retailer engagement, and limit the company’s ability to leverage fixed-cost investments across a growing base.
Very Low Net Profit MarginA net margin of 0.55% offers a thin buffer against operating shocks and limits retained earnings for reinvestment. Persistently low profitability constrains the company’s capacity to scale sustainably, invest in product development, or absorb competitive price pressure over the medium term.
Weak Operating Cash Flow QualityAn OCF-to-net-income ratio of 0.02 suggests earnings are not yet converting into reliable operational cash, implying working-capital strain or timing gaps. Over time this can pressure liquidity and force reliance on asset sales or financing to fund day-to-day supply chain and fulfillment operations.