No Revenue And Ongoing LossesThe absence of revenue with persistent operating losses means the business cannot self-fund development and must rely on external capital. Over months this limits strategic options, increases financing dependency, and raises execution risk for project advancement.
Negative Cash GenerationSustained negative OCF and FCF force reliance on equity or debt financing to sustain operations and development. This structural cash deficit can lead to dilution, higher cost of capital, or delayed project timelines if external funding is constrained.
Negative Returns On EquityPersistently negative ROE indicates the company is eroding shareholder capital rather than generating returns. Over a multi-month horizon, this trend heightens risk of equity impairment, weaker investor support, and tougher access to new financing on favorable terms.