Severe Revenue DeclineAn >80% TTM revenue contraction reflects a collapsing top line that undermines economies of scale, pricing power, and client relationships. Over months this materially reduces operating leverage, hampers reinvestment, and risks permanent market-share loss if client attrition or demand structural shifts persist.
Persistent Unprofitability And Margin DeteriorationDeteriorating gross, EBIT, and net margins indicate the business cannot sustainably convert sales into profits. Structurally weak margins constrain reinvestment, reduce buffer against cost shocks, and signal competitive or cost-structure issues that will impair long-term return on capital without substantive strategy change.
Weak Operating And Free Cash FlowPersistent negative operating and free cash flow threaten liquidity and the ability to fund working capital or growth. Over a multi-month horizon this increases reliance on external financing or asset sales, potentially diluting stakeholders or forcing austerity that could further weaken competitive position and recovery prospects.