"That's very disappointing to hear that we're struggling so much as a company. I was (hoping|expecting) for X.
Is there any advice or direction you could provide to me where I might help ensure we do better as a company going forward? I'd like to set up a plan of what I can to help and revisit compensation in the next 1-3 months."
And at the same time, start polishing your resume and interview skills.
I would think of this approach as a probation period for any company that I work for. If an employee isn't doing well, they're put on probation. Why not do the same for any company that is vying for our technical abilities?