Negative Net, EBIT And EBITDA MarginsPersistently negative EBIT/EBITDA and net margins indicate structural profitability issues that can erode equity and limit internal funding. Unless operational efficiencies or higher-margin businesses are secured, these margin deficits may constrain reinvestment and prolong reliance on external financing.
Unresolved Credit Agreement RefinancingOngoing, unresolved refinancing creates a durable financing risk: unfavorable terms or delays could increase interest costs, impose restrictive covenants, or limit capital for ERAS project buildout. This uncertainty can materially affect multi-quarter strategic execution and liquidity planning.
Negative Return On EquityA negative ROE signals the company is not generating returns on shareholder capital, a structural concern for long-term investor value. Sustained negative ROE can impair the ability to attract equity financing and limit resources for growth initiatives amid the energy transition.