Persistent Negative Cash FlowConsistent negative operating cash flow and large free cash flow deficits mean the company is burning cash to fund growth. Continued cash burn increases dependence on external financing, limits strategic optionality, and raises execution risk if cash generation does not improve.
Ongoing Operating Losses; Deteriorating Net LossDespite strong revenue gains, the firm has not converted growth into profit; a larger 2025 net loss signals limited operating leverage and continued investment outstripping margins. Persistent losses constrain internal reinvestment and prolong reliance on capital markets.
Commercial And Regulatory Adoption RiskRevenue growth depends on hospital adoption, reimbursement decisions, and regulatory approvals across markets. These structural commercialization risks can delay scale, require sustained sales/clinical effort, and maintain high selling costs until adoption and reimbursement become entrenched.