No RevenueThe absence of revenue generation is a significant concern, as it indicates a lack of operational income, making the company reliant on external funding or equity for survival.
Persistent Net LossesOngoing net losses highlight operational inefficiencies and a lack of profitability, which could threaten long-term viability if not addressed.
Consistent Cash BurnConsistent negative cash flow indicates unsustainable operations, increasing reliance on financing and risking future financial health if not corrected.