Severe Revenue CollapseA 94.21% revenue decline severely reduces scale, recurring fees and client reach, undermining the business model's revenue base. Over months this impairs fixed-cost absorption, weakens competitive position, and makes restoring sustainable top-line levels a material structural challenge.
Negative Operating Cash FlowSignificant negative operating and free cash flow erode liquidity and operational runway, forcing reliance on external funding or asset disposals. This persistent cash strain raises refinancing risk, limits reinvestment, and constrains the company’s ability to execute strategic fixes over the medium term.
Low Return On EquityROE of 2.34% signals poor capital efficiency, indicating the company struggles to convert equity into meaningful profits. Structurally low ROE reduces retained earnings, makes raising new equity costlier, and limits capacity to finance growth or absorb future shocks without dilutive funding.