Conservative LeverageA debt-free 2024 balance sheet materially reduces fixed financing obligations and default risk, preserving strategic optionality. For a loss-making company, low leverage lengthens time to next financing and lowers cash interest burden, a durable reduction in financial vulnerability.
Improving Loss And Cash-burn TrendsMeaningful year‑over‑year improvement in net loss and reduced cash burn signals management execution on cost control and operational efficiency. Sustained tightening of cash outflows improves runway and reduces near‑term reliance on capital markets, a structurally positive trend.
High Gross Margin PotentialAn 84% gross margin indicates attractive unit economics if revenue scales, implying high operating leverage potential. Structurally, strong gross margins support profitability upside once fixed costs are absorbed, enhancing long‑term viability despite current low sales.