Negative Shareholders' EquityNegative equity is a material balance-sheet weakness: liabilities exceed assets, limiting borrowing capacity and increasing insolvency risk. This structural capital shortfall constrains long-term investments and makes the company more dependent on external rescue financing or equity injections.
Persistent Cash Flow DeficitsOngoing negative operating and free cash flow signal cash burn from core operations and insufficient internally generated funds to cover capex or working capital. Over several months this erodes liquidity, forces reliance on financing, and reduces operational resilience.
Declining Revenue And Negative Operating MarginsA trend of falling revenue alongside negative EBIT/EBITDA margins reflects structural demand loss, pricing pressure, or operational inefficiencies. Restoring profitable operations will require sustained revenue stabilization and structural cost improvements, not just short-term fixes.