Severe Revenue DeteriorationA TTM revenue decline of this magnitude indicates a collapse in sales scale or material write-downs that undermines fixed-cost coverage and operating leverage. Persistently reduced top-line makes sustaining operations, funding capital needs, and restoring margins difficult over the medium term.
Deeply Negative MarginsConsistently negative gross and net margins show the company is losing money on core operations; without structural cost reduction, pricing improvements, or higher-margin product sales, losses will erode liquidity and equity, impairing long-term viability and investment capacity.
Weak Balance Sheet And Leverage RiskNegative equity and a distorted debt-to-equity ratio reflect liabilities exceeding assets and high financial risk. This constrains access to capital, raises refinancing or insolvency risk, and limits the firm's ability to fund mine development or processing upgrades needed to capture long-term market demand.