Severe Revenue DeclineA near-total collapse in revenue destroys scale economics and undermines the core business model. Restoring sustainable top-line requires new contracts or products; absent that, profitability and supplier/customer relationships remain at material long-term risk.
High LeverageA D/E of 3.24 indicates heavy reliance on debt financing, constraining flexibility. Elevated leverage increases refinancing and interest-rate risk, limits capacity to invest in recovery, and raises the probability that operational setbacks convert into solvency stress.
Deep Negative Margins And Cash BurnPersistently negative gross, EBIT and net margins combined with operating cash outflows show structural unprofitability. This undermines long-term viability absent rapid margin improvement or capital support, and makes sustainable recovery dependent on material operational change.