Severe Revenue DeclineA roughly 78% decline in revenue materially erodes scale, weakens pricing leverage and reduces ability to cover fixed costs. Over the medium term this threatens investment in sales, product development, and may force further cost cuts that undermine long-term growth prospects.
Zero Operating And Free Cash Flow In 2024No operating or free cash flow undermines the company's capacity to self-fund working capital, maintenance capex, or service unforeseen costs. Reliance on balance sheet buffers is not sustainable indefinitely and constrains strategic flexibility and execution of growth plans.
Asset Base Decline And Margin PressureA shrinking asset base coupled with falling gross margins signals potential contraction in operations or underutilized capacity. This structural deterioration can limit production scale, weaken competitive position, and reduce long-term profitability unless asset reinvestment or margin recovery occurs.