Rising Debt LevelsAn elevated and rising debt load can constrain financial flexibility and raise interest obligations over time. If leverage grows relative to earnings, it could limit capacity for strategic investments, increase refinancing risk, and pressure credit metrics during slower growth periods.
Low Cash ConversionRelatively weak conversion of accounting profits into cash reduces internal funding capacity for capex, M&A, or shareholder returns. Persistent low cash conversion can force reliance on external financing and constrains long-term operational flexibility despite reported profitability.
Moderate Revenue Growth RateA single-digit revenue increase is modest for a software/app company and may limit long-term operating leverage. Without faster top-line expansion, sustaining margin improvements and justifying continued reinvestment could become more challenging versus higher-growth peers.