Weak Cash Generation And Negative Free Cash FlowVery low OCF/revenue and negative free cash flow indicate cash conversion issues and heavy working-capital or capex needs. Persisting this shortfall raises refinancing and funding risk, limits reinvestment or dividend capacity, and constrains strategic flexibility over the medium term.
Margin Erosion And Volatile RevenueSteep margin compression alongside a sharp ~49% revenue decline signals durable demand, pricing or mix pressures. If structural, these reduce earnings power, impair operating leverage and make margin recovery difficult absent product mix improvements, cost fixes, or demand normalization.
Low Returns On EquityA falling ROE indicates capital is generating weak returns relative to historical levels, reflecting either lower margins or heavy capital intensity. Persistently low ROE undermines shareholder value creation, limits surplus capital for growth, and pressures strategic options over the medium term.