The following are the actuals from a cash flow statement for a real company. This company participates in one segment only.

M$

Net Income $-9\mathrm{.}97$

Operating cash flows $-5\mathrm{.}97$

Investing cash flows $0$

Financing cash flows $21\mathrm{.}85$

Net cash flows $16\mathrm{.}06$

What phase in the product lifecycle do you think this firm is in$?$

Provide explanations for your decisions using the data from the statement of cash flows. List at least $3$ things that support your decision. Be complete in your explanation for total points.

For example, if you say that negative net income means that the firm is in the XX phase, explain why.