Financial HealthThe company is experiencing a critical cash burn issue, with a negative cash flow of $5.6 million against a quarter-end cash balance of $9.9 million, highlighting the urgency for securing additional investment.
Revenue PerformanceRevenue fell short of expectations due to significantly slower sales of glasses, as the company's focus shifted towards OEM opportunities.
Risk FactorsPotential downside scenarios include the absence of large contract manufacturing deals, liquidation of inventory below cost, and solvency challenges leading to unfavorable capital raising through ATM or high-yield debt.