Negative Free Cash FlowRepeated negative free cash flow reduces the company's ability to self-fund capital expenditures, pay dividends, or rebuild cash buffers. If this persists, management may need external financing or equity raises, which constrain strategic flexibility and increase long-term financing risk.
Weak Cash ConversionOperating cash flow lagging reported net income points to earnings quality or working-capital strain, not just accounting strength. Poor cash conversion undermines liquidity, heightens sensitivity to economic cycles, and can force operational or financing adjustments that impact sustainable growth.
EPS/EBITDA PressureMaterial negative EPS growth (~-20%) alongside a slight decrease in EBITDA margin suggests per-share profitability is under pressure despite rising revenue. This may reflect higher depreciation, interest, or cost headwinds that could persist and compress shareholder returns unless margins are recovered.