Declining RevenueSustained revenue decline (latest year -10.98%, fundamentals show negative growth) implies weakening commercial traction or project timing delays. Lower top-line scale undermines ability to amortise fixed R&D and development costs, constraining sustainable profitability and growth execution.
Sustained Losses & Negative ROEPersistent negative net and EBIT margins combined with a negative ROE signal the business cannot currently convert gross profitability into net returns. This reduces internal funding capacity and weakens investor returns, making long-term self‑funded scaling and reinvestment harder.
Weak Free Cash FlowA -239.41% free cash flow growth rate and volatile cash flows reflect weak cash generation despite some operating cash conversion. Structural FCF weakness raises reliance on external funding for projects and R&D, increasing financing risk and limiting strategic optionality over months.