Future Growth UncertaintyThere is a need to demonstrate that recent tailwinds of FDA-cleared features and Amazon 1P shift can sustain revenue and EBITDA growth.
Market DependenceAmazon, which accounts for 30% of OWLT's revenue, influences its unit economics and marketing strategies significantly.
Seasonal Sales DeclineFourth quarter tends to be sequentially lower than third quarter as retailer load-in for the holiday season is mostly completed in the third quarter.