Declining Revenue TrendMaterial multi-period revenue contraction signals persistent demand or market-share challenges in core end markets. Continued top-line decline constrains operating leverage, limits reinvestment capacity, and raises execution risk for growth initiatives over the medium term.
Negative Profitability And Collapsing Free Cash FlowSustained net losses and a steep fall in free cash flow undermine self-funding of operations and R&D. Persistent negative cash generation increases financing dependence, which could pressure strategic flexibility and delay product investments essential to defend niche positions.
Small Scale And Customer Concentration RiskRelatively small size limits scale economies and bargaining power with large OEMs. Dependence on a limited set of design-ins and OEM customers magnifies revenue volatility if a major customer reduces orders or switches suppliers, posing structural downside risk.