No Revenue Over Multiyear PeriodThe company reported no revenue across 2020–2025, removing visibility into product-market fit and depriving the business of internal cash generation. Without revenue, the firm cannot self-fund operations or demonstrate sustainable demand, raising medium-term solvency and funding risk.
Widening Net LossesNet loss expanded sharply to ~2.9M in 2025 from ~0.7M in 2024, signaling deteriorating earnings quality. Increasing losses escalate cash burn, erode equity, and make recovery harder, forcing more external funding or restructuring to restore a viable operating model.
Consistent Negative Operating Cash FlowOperating cash flow has been negative each year and deteriorated to about -728K in 2025 from -418K in 2024, with negative free cash flow throughout. Persistent negative OCFO consumes liquidity, necessitates continual external financing, and makes sustainable operations unlikely without material change.