Severe Revenue CollapseA collapse from ~$65M to ~$0.07M is a structural hit to the business model, eroding scale, customer relationships, and unit economics. Rebuilding revenue to prior levels requires substantive strategic change, new product traction, or capital to re-enter markets at scale.
Persistent Negative Operating Cash FlowSustained negative OCF over multiple years shows the company is not self-funding operations. This structural cash shortfall limits reinvestment, forces reliance on external financing or asset sales, and raises medium-term solvency and dilution risks if profitability is not restored.
Sustained Losses And Weak ProfitabilityRecurrent net losses and very weak margins indicate core profitability issues. Persistently negative returns erode equity, constrain R&D and go-to-market investment, and undermine the firm’s ability to attract partners or capital on favorable terms without demonstrable, structural turnaround evidence.