Improved LeverageA materially lower debt-to-equity in 2025 versus 2024 reduces near-term refinancing risk and interest burden, improving financial flexibility. This stronger leverage profile supports multi-month runway for R&D and operations and lowers the probability of urgent capital raises over the medium term.
High Gross MarginsSustainably high gross margins signal favorable unit economics for products or services, meaning revenue growth can flow through to operating leverage once fixed costs are controlled. This structural margin advantage supports long-term profitability potential if operating losses are reduced.
Narrowing Cash BurnA material reduction in cash burn year-over-year indicates management progress in cost control and operational efficiency. If the trend persists, it extends runway, reduces reliance on external financings, and increases the chance of reaching break-even within a multi-quarter horizon.