Consider the following data for Company X

Are the following statements true or false? Briefly explain why (1 paragraph at most; one sentence should be enough; 3 points for each sub question):
2.1 Company X's negative profit in 2020 was likely due to the COVID crisis.
2.2 Despite having negative or low operating cash flow during some years, company X appears to be committed to growing the business
2.3 This company is raising cash from investors and is not returning any cash to investors in recent years

Cash Flow For the Fiscal year period ending Currency Net Income Depreciation & Amort. (Gain) Loss From Sale of Assets (Gain) Loss From Sale of Investments Asset Writedown % Restructuring Co Stock-Based Compenstation Other Operating Activities Change in Acc. Receivable Change in Inventories Change in Acc. Payable Change in Other Net Operating Asset Cash From Ops. Capital Expenditure Cash Acquisitions Divestitures Invest. In Marketable & Equity Securi Cash from Investing Short Term Debt Issued Long Term Debt issued Total Debt issued Short term debt repaid Long term debt repaid Total debt repaid Issuance of Common Stock Repurchase of Common Stock Total Dividends Paid Other Financing Activities Cash from Financing Net Change in Cash 12 months Dec-26-2018 Million USD (35.0) 19.0 0.9 0.7 6.1 7.6 (5.5) (0.5) 3.2 1.1 (2.4) (35.0) (35.0) 55.0 (0.8) 54.2 16.8 12 months Dec-25-2019 Million USD (27.0) 17.0 1.4 7.5 3.2 (1.7) (0.5) 4.2 0.1 4.2 (43.0) (43.0) 1.1 (2.7) (1.6) (40.4) 12 months Dec-25-2020 Million USD (12.0) 18.0 2.0 7.1 2.3 0.2 (1.5) 4.5 0.3 20.9 (31.0) (31.0) 35.0 35.0 0.2 0.8 36.0 25.9