Kill or Revive: Deciding on a product's fate

I am in no man's land.

I've built the best backpacking gear management system on the internet: https://packstack.io

However, it doesn't make any money. Charging users is a nonstarter and the traffic isn't high enough to run ads, offer paid sponsorships or use affiliate links.

Metrics:
Users: ~700
Items created: ~28k
Packs created: ~500
Avg engagement time (last 30 days): 3m
Avg monthly views: 4k

The upside is that the user base is very active. This is obviously a very niche product. So what options do I have?

This is what I'm currently thinking:

• Simplify the product down to its bare necessities (it was over-engineered)
• Redo the homepage (not SEO-optimized, not very explanatory)
• Focus on leveraging AI to generate useful information based on where the user is planning to backpack (would be useful for SEO)
• Ramp up traffic to the point where sponsorships and affiliate links make sense

The other option is to sunset it and work on something else.

Very curious to hear the communities thoughts!

Thanks