Guidance ConservatismManagement's guidance that only brackets expectations prompted analyst price-target reductions, which may limit near-term investor upside until guidance is viewed as more ambitious.
Rising Operating ExpensesHigher operating expenses driven by sales-team investments, increased headcount and legal and public-company costs raise near-term losses and constrain free-cash-flow generation.
Sourcing RiskA shift to lower-cost product sourcing introduces pressure on product economics and could compress margins if cost savings come with quality or execution trade-offs.