No Reported Trailing RevenueZero TTM revenue and negative gross profit indicate the company currently lacks a sustainable revenue base. Without recurring sales, margins cannot recover and core economics are impaired, undermining long-term viability absent material business-model changes or new revenue sources.
Deeply Negative Equity And LeveragePersistently negative shareholders' equity (~-1.91B) combined with significant debt (~378M) reflects accumulated losses and weak capital structure. This elevates refinancing and solvency risk, constrains strategic investment, and limits access to non-dilutive funding over the medium term.
Recent Cash BurnNegative operating and free cash flow in the latest TTM (~-43.8M OCF, ~-35.3M FCF) show the business is burning cash rather than self-funding. Continued cash outflows reduce runway, increase likelihood of dilutive raises or creditor intervention, and materially raise execution risk in the coming months.