Revenue ContractionA steep revenue decline of ~44% is a structural concern: it erodes economies of scale, pressures gross margins, and constrains reinvestment capacity. Without clear recovery drivers, persistent top-line shrinkage undermines medium-term profitability and strategic initiatives.
Ongoing Losses & MarginsSustained negative net profit and EBIT margins indicate the business currently can't cover operating costs from revenues. Over months this reduces retained earnings, limits capital for growth, and raises the bar for turnaround, pressuring stakeholder support and strategic options.
Declining Free Cash FlowA near 40% decline in free cash flow growth weakens the company’s ability to self-fund capex, R&D, and working capital. Over the medium term this increases reliance on external funding, constrains strategic flexibility, and heightens execution risk during industry cycles.