Declining Revenue TrendA multi-year revenue decline is a durable headwind: shrinking top-line reduces scale economies, limits investment in network and product improvements, and complicates turnaround efforts. Reversing this trend is critical for restoring margins and long-term viability.
Persistent UnprofitabilitySustained negative EBIT/EBITDA and net losses point to structural cost or pricing issues. Persistent unprofitability undermines retained earnings, erodes ROE, and constrains the company's ability to self-fund growth or absorb competitive pressure without strategic change.
Volatile Historical Cash FlowHistorical cash-flow volatility increases financing and operational risk, making capital allocation and long-term planning harder. Even with recent improvement, inconsistent cash generation raises the probability that investment or recovery plans may need external funding or be delayed.