High LeverageA debt‑to‑equity ratio of 2.72 and low equity cushion materially increase financial risk for capital‑intensive projects. High leverage limits capacity for new project financing, raises interest burdens, and reduces flexibility to weather project delays or lower tariff environments over the medium term.
Persistent UnprofitabilityA net margin of -140% signals structural profitability issues: revenues do not cover operating and financing costs. Persistent losses constrain reinvestment, delay scale benefits, and increase reliance on external funding, undermining long‑run sustainability unless margins improve.
Revenue Volatility And Scale ConstraintsSevere revenue contraction and limited headcount suggest constrained scale and execution risk. Volatile top‑line undermines long‑term project development and makes it harder to absorb fixed costs, reducing bargaining power with partners and hindering predictable, repeatable project delivery.