Negative Equity And High LeverageNegative equity and heavy leverage indicate structural balance-sheet fragility that limits financing flexibility. This elevated solvency risk makes the company more dependent on external funding for operations and strategic initiatives, raising execution risk over the medium term.
Negative Operating Cash FlowPersistent negative operating cash flow shows the business is not yet self-funding its losses. Reliance on external financing or equity raises dilution and refinancing risk, constraining ability to invest in commercialization or trials if market conditions tighten over the coming months.
Rising Expenses And Widening Net LossHigher SG&A tied to ZUSDURI commercialization and an expanding sales force has materially increased cash burn, widening net losses. If revenue ramps slower than planned, elevated operating costs could pressure margins and delay the path to sustainable profitability in the 2–6 month horizon.