Severe Revenue DeclineAn 83.64% year-over-year revenue drop in FY2025 represents a major loss of commercial traction and scale. Over months this materially weakens gross margins and operating leverage, makes fixed costs harder to cover, and complicates any path to sustained profitability without revenue recovery.
Persistent Cash BurnConsistent negative operating cash flow and a FY2025 free cash flow of -2.79M indicate structural cash consumption. This ongoing burn elevates liquidity and continuity risk, increases dependence on external financing, and constrains the firm's ability to invest or respond to operational setbacks.
Eroding Equity And Asset BaseEquity falling from 4.94M to 0.67M and contracted total assets signal capital erosion. This reduces the balance sheet's capacity to absorb shocks, raises the likelihood of dilution from future raises, and limits collateral for financing or strategic investment over the medium term.