Proprietary RNAi Platform & PartnershipsA proprietary siRNA design and optimization platform plus academic and pharma collaborations provide durable R&D and commercialization advantages. These assets support sustained pipeline development, licensing opportunities, and reduced time-to-market vs. newcomers, bolstering long-term competitivenes.
Strong Product-level Gross MarginsA 67.4% gross margin indicates the underlying science and manufacturing economics can be attractive once scale is reached. High product-level margins give the company room to invest in clinical development and cover fixed R&D overheads, improving long-term viability if revenue scales.
Improving Free Cash Flow TrendPositive movement in free cash flow year-over-year signals improving cash conversion and operational discipline. If sustained, this reduces reliance on external financing, lowers dilution risk, and supports funding of clinical programs and partnerships over the coming 2-6 months and beyond.