Deep And Persistent UnprofitabilityA net margin near -208% and negative EBIT/EBITDA reflect a cost base far exceeding current revenues. Absent rapid revenue scale or cost restructuring, persistent losses can erode equity, limit reinvestment capacity, and force dilutive financings, threatening long-term viability if profitability remains out of reach.
Consistent Negative Operating And Free Cash FlowOngoing negative OCF and FCF (~-11.5M) mean operations do not self-fund growth, creating reliance on external funding or reserves. Over a multi-month horizon this raises dilution and execution risk, as sustained cash burn can constrain commercialization investments and slow market expansion.
Negative Returns On EquityA ~-25% ROE signals the company is destroying shareholder capital rather than creating it. Persistently negative ROE undermines investor confidence and can make future capital raises more costly, limiting ability to scale operations and commercialize products without significant strategic change.