Severe Revenue DeclineA ~65% drop in revenue materially erodes scale and long-term sustainability. Lower top-line weakens fixed-cost absorption, undermines margin gains, and constrains investment in growth or tech initiatives; recovery may take multiple quarters and risks permanent client loss.
Free Cash Flow DeteriorationA near-96% fall in free cash flow creates a persistent funding gap for capex, working capital and growth. Even with low debt, sustained weak FCF forces reliance on reserves or external financing, limiting strategic flexibility and increasing vulnerability to adverse shocks.
Limited Scale And ManpowerA small workforce (~80 employees) constrains scaling, diversification execution and client service for a multi-segment business. Resource limits raise execution risk on technology and asset management initiatives, making sustained growth and larger contract wins harder to achieve.