Negative Free Cash Flow GrowthDespite improving profitability, negative free cash flow growth is a structural concern: it limits internal funding for capex, working capital needs and product development. Over several months this can force external financing or constrain execution on larger contracts and scale-up plans.
Revenue Lumpy Due To Program/OEM RelianceDependence on government programs, OEM design cycles and adoption timing creates lumpy, contract-driven revenue. These structural dynamics lengthen sales cycles and reduce predictability, making multi-quarter planning, capacity allocation and consistent margin expansion more challenging.
Limited Operational ScaleA relatively small headcount constrains rapid scale-up for large government or industrial programs and may limit parallel product development streams. Over a medium horizon this can stretch capacity, increase reliance on external partners, and slow time-to-market for new detector systems.