Persistent Revenue DeclineSustained multi-year revenue contraction shrinks scale and weakens competitive position, reducing bargaining power with suppliers and distributors. Over months this erodes margins, limits reinvestment capacity, and increases the need for strategic turnaround actions to restore growth.
Negative Profitability Across MarginsPersistently negative gross, EBIT and net margins show structural loss-making operations, not transient noise. This undermines retained earnings, constrains R&D and capex funding, and risks solvency pressures if unaddressed, affecting strategic flexibility over the medium term.
Weak Cash Generation And LiquidityDeteriorating operating cash flow and zero recent free cash flow signal limited internal funding for operations, investment, or debt service. Combined with noted high leverage, this creates refinancing and liquidity risk that can constrain strategy and require external capital within months to a few years.