Declining Revenue TrendSustained revenue decline undermines product-market validation and limits reinvestment capacity. For a company dependent on progressing diagnostics and commercialisation, falling sales reduce funding options, slow clinical/commercial milestones, and increase reliance on external financing or partnerships.
Negative Operating And Free Cash FlowPersistent negative operating and free cash flows indicate the business is consuming capital to operate and develop products. Over months, this forces dilutive fundraising, licensing compromises, or project delays, threatening the company’s ability to complete clinical programs and commercial rollout without external capital.
Ineffective Equity UtilisationA deeply negative ROE signals the company is not translating invested equity into profits. Persisting low or negative returns erode investor confidence, hamper future capital raises, and indicate structural issues in business model execution or commercialisation pathways that must be resolved for sustainable growth.