Declining RevenueRevenue has fallen materially (≈16% recently) and shows multi-year deterioration. A shrinking top line reduces scale economics for software and services, weakens bargaining power with channels, and constrains reinvestment in product and go-to-market execution over the medium term.
Persistent Negative Cash FlowOperating cash flow is negative and free cash flow remains in the red, indicating ongoing cash burn. Continued negative cash generation forces reliance on external financing, limits spending on sales/implementation, and raises execution risk if funding access tightens.
Sustained Unprofitability And Weak MarginsThe company reports persistently negative EBIT/EBITDA and net margins alongside negative ROE. Ongoing unprofitability erodes equity, restricts internally funded growth, and indicates current unit economics may not sustain margins without structural cost reductions or stronger revenue scale.