Negative Equity Indicating Insolvency RiskNegative shareholders’ equity signals balance-sheet insolvency and materially raises refinancing and covenant risks. Over months this constrains access to capital, can trigger restructuring or creditor actions, and limits the company's ability to fund operations or new projects.
Severe Revenue ContractionA ~58% revenue decline reflects meaningful loss of scale and client activity, undermining fixed-cost absorption and growth prospects. Persisting revenue erosion reduces reinvestment capacity, damages competitive position, and increases reliance on non-operating measures to sustain the business.
Deep, Persistent Unprofitability And Negative MarginsConsistently negative EBIT and deeply negative net margins indicate ongoing operational losses and cash burn. Without structural margin improvement, the company faces continued erosion of cash reserves and limited ability to fund growth, making long-term recovery and competitiveness uncertain.