Capital Intensity And Funding PressureAnalyst warns that large planned capital spending and recent fundraising point to heavy cash needs that could strain the balance sheet and necessitate additional equity.
Execution And Cost OverrunsAnalyst flags significant execution risk from complex project development, including potential delays and cost overruns that could slow deployments and weaken investor confidence.
Pre-revenue Cash BurnAnalyst cautions that the company remains pre‑revenue with rising research and development spending and widening operating losses, increasing the risk of dilution and financing difficulty.