Negative Cash GenerationPersistent negative operating and free cash flow means the business consumes capital to grow rather than self-funds expansion. Continued cash burn increases reliance on external financing or equity raises, risking dilution or constrained investment in commercialization over the medium term.
Ongoing Net LossesDespite revenue growth, escalating net losses show the company has not converted sales into sustainable earnings. Continued losses pressure returns on capital and require either margin expansion or cost control to reach durable profitability within a 2–6 month strategic horizon.
Adoption & Regulatory DependenceCommercial success hinges on hospital adoption, payer reimbursement and regulatory approvals across markets. These structural external dependencies can slow rollout, limit addressable market capture, and introduce multi-regional timing risk that constrains predictable long-term revenue scaling.