Negative Shareholder EquityNegative equity and the implied high leverage indicate solvency and capital-structure strain. Over the medium term this constrains strategic options, raises refinancing and covenant risks, and can increase cost of capital, limiting the company's ability to fund growth sustainably.
Negative Operating Cash FlowPersistent negative operating cash flow means core operations are not self-funding. This elevates liquidity risk, forces reliance on external financing or asset sales, and can impair the company's ability to invest in product development or sales capacity over the coming quarters.
Ongoing UnprofitabilityNegative operating and net margins show the business is not yet profitable despite revenue gains. Without durable margin recovery, earnings and return on invested capital will remain weak, undermining long-term cash generation and the ability to sustainably scale the business.