Sustained Cash BurnPersistent negative operating and free cash flow (~-$1.4M TTM) means the business cannot self-fund development and commercialization. That creates durable dependence on external financing, raising dilution and execution risk for multi-stage clinical validation and market expansion unless cash generation materially improves.
Declining RevenuesA 20% TTM revenue decline signals weakening top-line traction for a small revenue base, undermining operating leverage and the ability to scale fixed-cost investments. Without stabilizing or growing revenues, investments in validation and commercialization become harder to justify and slow path to breakeven.
Deep Negative ProfitabilityExtremely negative net margins (~-1,340%) and negative returns on equity reflect structural unprofitability. This persistent loss profile raises long-term dilution risk, limits reinvestment capacity, and pressures management to secure financing instead of executing strategic growth, unless clinical wins change economics.