Margin CompressionGross profit margin contraction driven by product mix and inventory adjustments is compressing profitability and limiting ability to generate sustainable free cash flow.
Operating Expenses And Cash BurnOperating expenses remain a large share of revenue and rising cash usage is putting pressure on profitability and liquidity, which may heighten reliance on external funding.
Valuation And Execution RiskShares trading at a notably lower valuation than peers reflect prior execution misses and guidance reductions, constraining upside potential despite future operational improvements.