Competitive PressureThe ongoing reorganization of TXG's sales force coincides with the introduction of lower-priced competition, adding further challenges.
Funding ChallengesTXG's business has significant exposure to the academic end-market, especially in the U.S., which poses a risk due to recent funding cuts.
Regulatory ImpactThe recently implemented NIH indirect costs cap is impacting researchers' behavior, leading to reduced spending on instruments.