Sharp 2025 Revenue DeclineA ~70% revenue collapse signals fragile commercial traction or one-off revenue loss, materially weakening the revenue base. Such volatility undermines the predictability of future cashflows, complicates investment prioritization, and increases dependency on external financing or partnerships to sustain operations.
Large And Persistent Net LossesDeep operating and net losses erode shareholder equity and lead to negative returns on invested capital. Over a multi‑quarter horizon sustained losses necessitate recurring fundraising or dilutive financing, which can constrain long-term program execution and shareholder value retention.
Consistent Negative Operating Cash FlowPersistently negative operating and free cash flow creates structural funding risk for R&D and commercialization. Even with no debt, ongoing cash deficits require external capital or partnerships; failure to secure funding could delay programs or force asset sales, impairing long-term competitiveness.