Lack Of RevenueThe absence of revenue generation indicates operational challenges and limits the company's ability to invest in growth and innovation, impacting long-term sustainability.
Negative Cash FlowNegative cash flow from operations suggests difficulty in sustaining day-to-day operations without external financing, posing a risk to long-term viability.
Reliance On External FinancingDependence on external financing can lead to financial instability, especially if access to capital markets becomes constrained, affecting the company's ability to fund operations.