Persistent Net LossesChronic losses erode equity and limit the company's ability to self‑fund growth. Even with EBITDA gains, sustained negative operating profit increases dependence on external capital or dilutive financing and raises risk that gains are insufficient to restore long‑term profitability.
Volatile Cash GenerationIrregular operating and free cash flow undermines reliable funding for R&D, sales expansion, and working capital. This variability constrains strategic planning, increases the probability of future financing needs, and heightens execution risk over the next several quarters.
Choppy And Recently Weakening RevenueInconsistent top‑line growth reduces operating leverage and delays margin recovery. Recent revenue decline suggests adoption or contract timing issues, making it harder to sustain improvements in EBITDA and convert partnerships into steady, predictable cash flow.