Ongoing LossesAlthough losses have narrowed materially, persistent operating losses mean returns remain negative and equity value can be eroded without sustained profitability. The company must convert margin gains into consistent net profits to avoid recurring financing needs.
Cash Flow Consistency RiskThe recent shift to positive free cash flow follows a year of deep outflows, indicating volatility. Structural improvements are unproven until management can deliver multi-period positive cash flow, as reversals would force financing or cutbacks to growth plans.
Small Scale & Niche PositioningSmall headcount and a niche organic energy-drink focus constrain distribution reach, marketing scale and retailer negotiating power. Scaling to national or global levels will require significant investment and execution, which could pressure margins and cash until scale is achieved.