Asset Sale TerminationTermination of the agreement to sell NeuroNOS removes a previously anticipated source of cash and a strategic partnership, reducing expected non-dilutive funding and increasing financing uncertainty.
Demand Deferral RiskSome customers may postpone purchases of the current LungFit PH device while awaiting the next-generation model, which could depress near-term sales and slow the commercial ramp.
Regulatory And Commercialization DelayExpected timing delays for approval and commercialization of the second-generation system create uncertainty and are likely to limit near-term revenue momentum while execution risk remains elevated.