Financial RisksRisks include being pre-revenue, a slower production ramp, and a competitive market.
Market CompetitionSeveral fundamental risks are believed to remain that are not reflected in the current stock price, including a long time to market and a high degree of competition.
Technological ChallengesTech milestones around B-sample shipments, Cobra scale-up, and product design are critical to unlocking the $130MM upfront payment.