Declining Revenue TrendA roughly 11% revenue decline signals weakening core sales and deteriorating market traction. Persistent top-line contraction erodes scale economics, pressures margins and reduces internal funding capacity for R&D or sales expansion, making recovery dependent on new product or partner wins.
Large Persistent LossesDeep negative margins and sustained losses consume capital and limit reinvestment. Persistent unprofitability increases reliance on external financing, constraining strategic flexibility and potentially delaying commercialization investments or scaling of commercial operations.
Weak Balance Sheet And Cash GenerationNegative shareholders' equity, high leverage and negative operating/free cash flows indicate constrained liquidity and refinancing risk. This limits ability to fund trials, expand sales capabilities, or absorb setbacks without dilutive or costly financing, harming long-term execution.