Revenue Collapsed To Zero (FY2025)A drop to zero reported annual revenue is a material structural concern: without recurring sales the business lacks the fundamental cash inflows needed to sustain operations, service debt, or invest in commercial recovery. This severely constrains recovery prospects absent new revenue sources.
Recurring Net Losses And Negative Operating ProfitPersistent losses and negative operating profit indicate structural challenges in pricing, demand, or cost competitiveness. Over months this erodes retained capital, reduces reinvestment ability, and signals that core economics may not support scale without material operational or strategic change.
Weak, Inconsistent Cash GenerationRegular negative operating and free cash flow point to ongoing cash burn and reliance on external financing or asset liquidation. This limits durable strategic options, raises refinancing risk, and constrains investment in product, sales, or capex needed for a sustainable turnaround.