Declining Revenue BaseA shrinking revenue base (-20.3% TTM) constrains the company's ability to scale fixed-cost investments in R&D, clinical validation, and commercial rollout. Without a durable reversal, continued top-line shrinkage undermines path to profitability and raises the probability of further financing needs.
Deeply Negative MarginsExtremely negative margins (~-1,340% net) reflect costs far outpacing revenue, eroding shareholder equity and reducing runway. Structural margin recovery will require material revenue scale or cost restructuring; absent that, losses will necessitate external capital and likely dilution.
Persistent Cash BurnSustained negative operating and free cash flow (roughly -$1.4M TTM) creates ongoing funding pressures. Even with low debt, persistent cash burn forces reliance on equity or other financing, constraining strategic flexibility and risking dilution that can impede long-term commercialization efforts.