Improved Gross MarginA shift to ~29% gross margin materially improves unit economics versus deeply negative prior years. This improvement is a durable lever: if sustained, it reduces the revenue threshold needed for breakeven and gives management more runway to address fixed costs and scale profitably.
Reduced Cash BurnOperating and free cash flow remain negative but have meaningfully improved versus 2024, shrinking runway pressure. A persistent reduction in cash burn increases the probability the company can stabilize operations or bridge to profitable growth without immediate large capital raises.
Strategic Corporate DevelopmentsNew product, JV into remediation, acquisition LOI and a CAD 300k placement represent structural diversification and funding. If executed, these moves can reweight revenue mix, open adjacent markets and provide catalytic operational scale beyond one-off benefits.