Negative Equity & Cash BurnNegative equity and persistent operating/free cash outflows indicate the company is structurally cash consumptive. This erodes financial flexibility, raises insolvency risk, and forces reliance on external financing which can be dilutive or expensive, limiting long-term investments and strategic options.
Severely Compressed MarginsA sharp gross margin contraction alongside deeply negative net margins shows weak profitability dynamics. Sustained low margins reduce internal cash generation, make it harder to cover fixed costs, and impair competitive reinvestment, constraining long-term growth and resilience to demand shocks.
Delisting & Governance RiskNasdaq delisting and trading suspension materially reduce liquidity and institutional access, impairing capital-raising ability and visibility. Coupled with canceled shareholder meetings and recent executive departures, governance and shareholder engagement risks undermine strategic execution and investor confidence long-term.