Negative Shareholders' EquityNegative equity indicates liabilities exceed assets, signaling financial distress. This structural weakness constrains access to capital, increases refinancing risk, and limits strategic options, raising the probability of balance-sheet-driven constraints over the medium term.
Steep Revenue DeclineA large recent revenue contraction erodes scale, weakens customer traction and undermines fixed-cost absorption. Unless growth stabilizes, shrinking top line will impair margin recovery, cash generation and the ability to fund initiatives needed for a durable turnaround.
Persistent Negative ProfitabilitySustained negative margins and loss-making operations point to structural operating inefficiencies or weak pricing power. Continued losses will pressure liquidity, require external financing or asset sales, and limit investment in product or market initiatives over the medium term.