Slowing Revenue GrowthA decelerating top-line trend threatens the sustainability of margin gains and cash generation. Without renewed product cycles, market expansion or higher adoption, slowing revenue can compress long-term EPS visibility and make it harder to justify reinvestment levels supporting durable growth.
No Dividend PolicyA lack of dividends narrows the investor base to growth-oriented holders and may reduce appeal to long-term, income-focused shareholders. Over multiple quarters this can increase share turnover and places more pressure on operational returns to deliver shareholder value instead of steady cash returns.
Small Organizational ScaleA small headcount can limit capacity for large enterprise sales, rapid product development, and geographic expansion. Limited scale raises execution risk on growth initiatives and may require disproportionate hiring or M&A to compete with larger software application vendors over the medium term.