Our business is vertically-integrated and therefore highly capital-intensive, and we will require additional capital to fund our business and support our growth, and any inability to generate or obtain such capital on acceptable terms, if at all, or to lower our total cost of capital, may adversely affect our business, operating results, financial condition, and future prospects.

Is that standard wording for all S-1's?

Is 726% "net loss margin" for June 2026 good or bad?

$140M revenue with $1B net total loss.