Persistent UnprofitabilityContinued negative EBIT and net margins indicate operations have not yet converted top-line growth into profits. Over several quarters this limits retained earnings, constrains reinvestment capacity, and raises the bar for achieving sustainable, margin-accretive commercialization.
Negative Operating Cash FlowOngoing negative operating cash flow forces reliance on external funding or equity raises to finance operations and development. This pressure can dilute shareholders and reduce runway for strategic initiatives unless operating cash conversion improves materially.
Negative Return On EquityNegative ROE signals the company is not yet generating returns from invested capital, which can deter long-term investors and limit access to favorable partner or supplier financing. Correcting operational inefficiencies is necessary for durable shareholder value creation.