Negative Free Cash FlowPersistent negative free cash flow driven by high capital expenditures reduces internal financing capacity, may force external funding, and constrains the firm's ability to deleverage or pursue growth without careful cash management over coming quarters.
Rising Debt LevelsAlthough current leverage is moderate, rising debt trends can erode financial flexibility, increase interest costs, and heighten refinancing risk if capital markets tighten, making cashflow management and covenant risk material over the medium term.
Decline In Net IncomeA decline in net income despite revenue growth signals margin pressure or higher operating costs. If structural (input costs, pricing limits) this can compress profitability and limit ability to convert growth into shareholder returns over the next several quarters.