Persistent Negative Operating Cash FlowConsistent negative operating cash flow indicates the business is not yet self-funding its activities. Over a multi-month horizon this necessitates external financing or asset sales, increasing dilution or execution risk for project timelines if capital markets worsen or funding terms tighten.
Deeply Negative Free Cash FlowLarge negative free cash flow reflects elevated capex or development spending without offsetting operating inflows. This structural cash burn pressures liquidity and can force frequent capital raises, delaying project maturity and diluting existing shareholders if sustained.
Worsening Profitability And Negative ROESevere net losses and declining ROE show the company is not converting revenue into profits. Persistently negative returns will erode equity over time, reduce internal financing capacity, and raise the likelihood of restructuring or dilutive funding if operational improvements are not achieved.