Sharp Revenue DeclineA ~26% top-line decline signals demand or retention deterioration in core hospital customers. Persisting revenue contraction undermines operating leverage, makes fixed-cost absorption harder, and lengthens runway to breakeven; absent sustainable revenue recovery, long-term viability is strained.
Very Large Operating LossesNet margin near -826% reflects losses vastly exceeding tiny revenue, indicating current cost base is incompatible with scale. Large operating deficits erode equity, limit reinvestment in product and sales, and require ongoing financing—weakening the company’s durable ability to compete.
Persistent Negative Free Cash FlowConsecutive negative operating and free cash flows (~-2.8m latest) show the business cannot self-fund growth or losses. Persistent cash burn forces reliance on external capital, raising dilution and execution risk, and restricts strategic choices like sales investment or product expansion over the medium term.