Negative Operating And Free Cash FlowPersistent negative operating cash flow, despite slight free cash flow improvement, signals that core operations do not yet generate sustainable cash. For a small med‑tech company this can force reliance on external funding, constrain clinic expansion and training programs, and limit the pace of commercialization.
Unprofitable Operations / Weak MarginsNegative EBIT and net margins despite healthy gross margin point to structurally high operating or commercial costs. If operating cost intensity persists, scaling revenue may not translate to sustainable profitability without structural cost reductions, pricing power, or higher volumes to absorb fixed costs.
Limited Scale And Operational InefficienciesA small organizational footprint (36 employees) combined with reported operational inefficiencies suggests limited capacity to execute broad clinical rollouts and global commercialization. This scale constraint can slow adoption, increase per-unit costs, and prolong the timeline to achieve efficient, profitable operations.