Severe Revenue DeclineA near-60% year decline in revenue is a structural concern: it erodes scale economics, may indicate lost market share or demand contraction, and makes fixed-cost absorption harder. Restoring sustainable top-line growth will take time and is central to long-term recovery.
Weak Cash GenerationNegative free cash flow and very poor operating-cash conversion constrain the company's ability to fund working capital, capex, or strategic initiatives internally. This raises liquidity and refinancing risk and limits capacity to scale sustainable product lines without external capital.
Eroding Profitability MetricsFalling net and operating margins combined with reduced returns indicate weakening operational efficiency or pricing pressure. Lower profitability reduces ROE and the company's ability to generate returns on invested capital, limiting reinvestment and shareholder value creation.