No Reported RevenueAbsence of reported revenues is a fundamental constraint: without product-market monetization the business cannot self-fund operations long term. This structural shortfall forces dependence on external financing and raises execution risk for any commercial strategy.
Persistent Negative Cash FlowConsistent operating and free cash outflows indicate ongoing cash burn and limited internal funding capacity. Over months, this trend pressures liquidity, increases probability of dilutive capital raises, and constrains investment in growth or product development.
Volatile And Negative ProfitabilityEarnings volatility with a one-off profit then multi-year losses undermines predictability of margins and returns. Structurally weak profitability impairs ability to generate shareholder value, complicates strategic planning, and heightens reliance on external capital to sustain operations.