Negative Stockholders' EquityNegative equity is a structural solvency concern: liabilities exceed assets, which limits borrowing capacity, raises creditor scrutiny, and heightens default or restructuring risk. This undermines long-term financial flexibility and investor confidence over the medium term.
No Operating Cash Flow In 2024Absent operating cash flow forces reliance on external financing or asset sales to fund operations and invest, increasing refinancing and liquidity risk. Persistent weak cash generation undermines sustainable growth and heightens vulnerability to market stress.
Declining, Volatile Revenue And Weak MarginsRevenue decline and volatility, paired with weak net margins and erratic EBIT/EBITDA, signal structural demand or execution issues. This reduces earnings visibility, constrains reinvestment, and makes margin recovery uncertain without clear operational fixes.