Revenue Collapse And InconsistencyRevenue falling to zero in 2025 and historically inconsistent sales undermine the core business model. Without a stable revenue base, fixed costs cannot be reliably covered, strategic planning is impaired, and sustaining market position or customer relationships becomes difficult over the medium term.
Persistent Negative Cash FlowConsistent negative operating and free cash flows indicate ongoing cash burn. This materially constrains reinvestment, forces reliance on external financing or equity dilution, and reduces the company's ability to pursue long-term projects or survive sustained revenue weakness without structural change.
Recurring And Widening LossesWidening recurring net losses erode equity and curtail strategic flexibility. Persistent losses depress returns on capital, increase funding needs, and raise the probability that management must pursue dilutive financing or deep cost restructuring to restore long-term viability.