Declining RevenueContinued revenue decline limits scale and operating leverage, challenging the company's ability to cover fixed costs and invest in growth, impacting long-term viability.
Persistent Large LossesOngoing large losses indicate that expenses significantly exceed revenues, which can erode equity and limit the company's ability to invest in future growth opportunities.
Negative Cash FlowNegative cash flow suggests the company is not generating sufficient cash from operations to sustain itself, increasing reliance on external funding and posing a risk to long-term sustainability.