Negative Cash FlowConsistently negative cash flow indicates ongoing cash burn, necessitating reliance on external funding, which could strain financial flexibility and sustainability.
Balance Sheet DeteriorationNegative equity and renewed debt signal financial instability, reducing the company's ability to leverage assets for growth and increasing balance-sheet risk.
Revenue DeclineThe sharp decline in revenue to near-zero levels undermines the company's ability to cover costs and achieve profitability, posing a significant challenge to long-term viability.