Persistent Operational LossesConsistent operational losses indicate challenges in achieving profitability, which may hinder long-term sustainability and require strategic adjustments to improve financial performance.
Declining Equity RatioA declining equity ratio suggests increasing liabilities relative to assets, potentially impacting financial health and limiting the company's ability to leverage its equity for growth.
Negative Cash FlowNegative cash flows from operations highlight difficulties in generating sufficient cash, which could constrain the company's ability to fund operations and invest in future growth.