Revenue Collapsed To Near-zeroNear-zero current revenue undermines the core business model and removes self-funding ability. Persistent absence of sales reduces optionality for product investment or scaling, increases dependence on external capital, and materially raises execution risk over the next several months.
Persistent Negative Operating And Free Cash FlowSustained negative OCF and FCF (multimillion-dollar outflows) indicate the business consumes cash to operate. This persistent cash burn shortens runway, forces reliance on external financing or severe cost cuts, and constrains strategic investments needed to restore growth over a multi-month horizon.
Widening Operating And Net LossesLarge and increasing operating and net losses signal weak operating leverage and margin deterioration. Continued deficits erode equity, weaken bargaining power with partners and hires, and raise the probability of restructuring or dilution, posing a durable risk to long-term viability.