Cash Flow GenerationInconsistent and negative free cash flow undermines the firm's ability to self-fund maintenance capex, repay debt, or sustainably pay dividends. Over the medium term this may force reliance on external financing and constrain strategic flexibility.
Profitability VolatilityVolatile net margins and occasional losses point to operational inefficiencies or pricing pressure that limit earnings predictability. This unstable profitability makes long-term planning and reinvestment harder, impairing returns and credit metrics.
Revenue Growth WeaknessFluctuating revenues and a recent significant decline reduce scale benefits and stress fixed-cost absorption in a capital‑intensive business. Sustained weak top-line trends would exacerbate margin pressure and worsen cash conversion over months ahead.