Severe Revenue DeclineA near-50% revenue contraction materially erodes scale and weakens competitive position. Structural top-line losses impair fixed-cost absorption, reduce pricing power, and extend recovery timelines, forcing strategic trade-offs and making multi-quarter rebounding of profitability uncertain.
Volatile And Negative Operating Cash FlowNegative operating cash flow in 2025 indicates active cash burn despite a conservative balance sheet. Sustained OCF volatility raises refinancing or dilution risk, constrains investment, and limits the company's ability to capitalize on opportunities without external funding or asset adjustments.
Profitability InstabilityLarge swings from strong to negative net margins signal unstable economics and weak operating leverage. Such variability undermines reliable earnings generation, complicates planning, depresses return on equity, and heightens execution risk for sustaining long-term profitable growth.