Large TTM Net LossesVery large trailing losses erode retained earnings and shareholders' equity, limiting reinvestment capacity and strategic optionality. Persistent negative net income undermines returns on capital, making it harder to self-fund growth or weather prolonged commodity dips.
Negative Free Cash FlowNegative free cash flow means capital spending and working-capital needs outstrip operational cash generation. Over time this forces external financing, which can dilute shareholders or increase leverage, constraining sustainable investment and growth execution.
Revenue Decline & Profitability VolatilityDeclining revenue and swings between profit and loss indicate inconsistent demand, production or cost control. Structural volatility reduces predictability of margins and cash flow, complicating planning and making long-term project financing and partner commitments riskier.