Declining RevenuesA roughly 30% revenue contraction reflects meaningful loss of top-line demand or market share. Sustained revenue declines erode scale economics and reduce the company's ability to cover fixed costs, making margin recovery and deleveraging materially harder over the next several months without structural revenue drivers.
Negative Operating Cash FlowPersistent negative operating and free cash flow show the business is burning cash from core operations, forcing reliance on external funding or asset sales. This weak cash generation constrains capex, working capital and debt reduction efforts, elevating liquidity risk over the coming months.
Persistent Unprofitability And Shrinking MarginsOngoing net losses and declining gross, EBIT and EBITDA margins point to structural profitability issues, from pricing, cost or project execution. Over a multi-month horizon this erodes equity, limits retained earnings for reinvestment, and complicates sustainable recovery despite some deleveraging.