Persistent UnprofitabilityThe company has posted losses and negative operating profit across multiple years, preventing retained-earnings build and testing the scalability of its model. Over 2–6 months this ongoing unprofitability constrains self-funding, pressures investor confidence, and necessitates a credible margin-recovery plan.
Weak Revenue MomentumTop-line has declined materially (latest year down ~16%, growth ~-20.5%), eroding operating leverage and reducing subscription expansion potential. Sustained revenue contraction weakens margins and the economics of multi-site deployments unless customer acquisition and retention are reversed.
Volatile Cash Flows / Uneven TurnaroundAlthough cash flow turned positive in 2025, large year-to-year swings and a decline in FCF versus the prior year indicate volatility. This unevenness complicates budgeting, raises the risk of funding shortfalls for growth, and makes multi-quarter planning and sustained investment harder.