Legal ChallengesApple is expected to file an appeal in the patent litigation case, potentially delaying MASI's collection of the $634M of damages by 1.5 to 2 years.
Operational RisksRisks include lower utilization with Medicaid/ACA cuts, increased competitive pressures, tariffs, cost inflation, and commercial disruption from territory/leadership changes.
Valuation ConcernsCurrent valuation already reflects much of the margin upside, and revenue growth is not expected to materially accelerate higher soon.