Investor Sentiment And FinancingRepeated ramp delays combined with recent warrant and convertible financings have intensified investor frustration and raise concerns about dilution and share-price pressure.
Product Qualification RiskBattery qualification samples missing cycle-life targets prompted a multi-quarter postponement of anticipated purchase orders, increasing execution uncertainty.
Production TimelineTechnical validation delays with the lead customer have pushed expected firm orders and smartphone volume ramp into 2026, postponing revenue realization.