to fail to get something desired, esp. in a competitive situation.
We're losing out on major economic opportunities that would be good for the whole city.If we don't act quickly, we'll lose out.
lose out on (something)
To miss the chance or opportunity to do, get, or participate in something. Because I was so sick last week, I lost out on the chance to see my sister while she was in town.I lost out on the promotion because I hadn't been logging my hours correctly in work.