Business Model RisksKey risks include mid-low barriers to entry, customer concentration risk, societal acceptance risk, future capital needs, and an unproven business model at scale.
Revenue ExpectationsThe rating on SERV was lowered to Neutral from Buy due to expectations of a more back-end weighted revenue ramp and increased near-term expenses.
Stock PerformanceShares are expected to be more range-bound until significant improvements in key revenue drivers are observed.