Ongoing Net LossesPersistent net losses and negative operating margins limit the company's ability to self-fund growth and increase dependency on external financing or dilution. Continued unprofitability constrains reinvestment capacity and raises execution risk before sustainable margin expansion is achieved.
Weak Cash GenerationNegative operating cash flow and volatile free cash flow indicate inefficiencies converting revenue into usable cash. This reduces runway, increases funding needs, and makes long-term investments or scaling initiatives contingent on successful working capital management or external capital.
Profitability Dependent On Revenue ThresholdManagement's breakeven point creates binary execution risk: failure to sustain the forecasted revenue trajectory delays profitability. Achieving that threshold requires continued order conversion, pricing stability and margin discipline; any slowdown materially extends the loss-making period.