Competition And Market PenetrationThe company competes in a highly competitive category with fears that the total addressable market is already highly penetrated, which limits its expansion potential.
Economic Sensitivity And Spending SlowdownSlower restaurant spending is affecting volumes negatively, with GPV per location contracting year over year, suggesting economic sensitivity and potential pricing pressure.
Financial Guidance And ProfitabilityShares are under pressure due to guidance for adjusted EBITDA being sequentially down, despite solid quarterly results, raising concerns about profitability.