Negative Net And EBITDA MarginsSustained negative EBITDA and net margins indicate structural cost or pricing issues in delivering telecom software and services. Without margin recovery, the firm will struggle to convert recurring revenue into durable profits, limiting reinvestment and long-term competitiveness.
Declining And Volatile Revenue TrendsA meaningful recent revenue decline and historical volatility weaken predictability of subscription and services cash flows. This undermines capacity to plan long-term investments, hampers scale benefits and increases dependence on irregular project revenues.
Weak Cash Conversion And Falling ROEDifficulty converting accounting profits into cash and a declining ROE signal inefficient capital use and potential working-capital stresses. Over time this limits internal funding for growth, may force external financing, and reduces returns available to shareholders.