Sustained Net LossesPersistent sizeable net losses (~-A$2.6m) and deeply negative margins indicate the company is not yet generating returns on capital. Over the medium term this pressures shareholder value and requires material improvement in discovery economics or cost structure to reach sustainable profitability.
Consistent Negative Cash FlowRepeated negative operating and free cash flows (~-A$2.5m) mean Javelin cannot self-fund exploration and development, creating ongoing reliance on external capital. This structural cash burn elevates financing risk and potential dilution unless exploration converts to higher-value assets.
Very Small Revenue; Weak MarginsRevenue is immaterial versus costs, producing a roughly -65% net margin that reflects a cost base not supported by current sales. Structurally, until revenue scales or costs fall, the business model cannot generate positive cash flow or returns, limiting durable operational sustainability.