The share price of a listed legal business has crashed following the release of gloomy financial results. This development comes amid broader concerns about the financial health of small cap companies. Notably, 42% of small cap companies, including those in the Russell 2000 index, are currently unprofitable. According to Torsten, just 23% of the RTY is unprofitable on a market-cap weighted basis. The situation raises questions about the resilience of these companies in the face of potential economic downturns and the challenges they might face when refinancing bonds at higher interest rates.