Booking Volatility And Churn RiskRepeated deal slippage and slower new bookings in key verticals increase the likelihood of persistent churn and delayed recovery in recurring revenue.
High Sales And Marketing BurdenElevated spending on sales and marketing relative to revenue continues to pressure profitability and cash generation without deeper cost rationalization.
Sustained Revenue WeaknessA multi-year decline in ARR and ongoing revenue compression signal difficulty achieving stable top-line growth, which undermines standalone valuation prospects.