Negative Free Cash FlowPersistent negative free cash flow constrains internal funding for capex, R&D and working capital, increasing reliance on external financing or equity issuance. Over months this limits strategic flexibility and may pressure liquidity if operational cash conversion doesn't improve.
Weak Operating ProfitabilityNegative operating and net margins indicate the company struggles to convert strong revenue into profitable operations. Without structural margin improvement via pricing, cost control or higher-margin offerings, profitability deficits threaten return generation and long-term shareholder value.
Earnings Quality ConcernsReliance on non-operating items to lift net income masks underlying operational weakness. If these gains are non-recurring, reported profitability can reverse, complicating forecasting, weakening credit metrics and undermining investor confidence in sustainable earnings power.