Declining RevenueReported revenue decline of -13.61% reduces scale and undermines network and merchant relationships. Lower volumes weaken unit economics in payments, making it harder to spread fixed costs or invest in product, representing a durable headwind to margin recovery and growth.
Severe Operating LossesNet margin near -97% and negative EBIT/EBITDA reflect deep structural unprofitability. Such persistent losses erode capital, limit reinvestment into product and sales, and raise the likelihood of restructuring or dilution, constraining the company's ability to execute long-term strategy.
Cash-flow And Solvency StressFCF deterioration of -420% and negative operating cash flow versus net income indicate severe cash burn. Weak cash generation impairs the firm's ability to fund operations or growth internally, raising solvency and financing risk that will materially affect strategy over the coming months.