Margin Pressure From Tariffs & FreightStructural exposure to tariffs, air freight and product-mix shifts can persistently compress gross margins if global logistics or trade policies remain adverse. While core margins are high, sustained cost inflation or tariff volatility could erode unit economics and require pricing or cost actions to restore margins.
Moderating Average Selling PricesA shift toward high-volume upgrade deals and lower-ASP models can structurally reduce one-off capital revenue per installation. Over time this may cap capital-sales growth and put pressure on capital-related margin contribution, forcing reliance on recurring consumables to sustain overall revenue growth.
CORIS Commercialization & Near-term InvestmentCommercializing CORIS requires upfront inventory, higher OpEx and phased market launches, creating execution and timing risk. If adoption lags or regulatory/launch costs extend, near-term cash outflows and profit dilution could persist despite a strong balance sheet, delaying expected revenue payback.