1. A significant portion of its revenue is generated from key clients, and if its key clients do not renew their agreements, issue purchase orders/ statement of work, or expand the scope of services, its provide to them, or if its long-term relationships with its key clients are impaired or terminated, its business, financial condition and results of operations could be adversely impacted.
2. Its international operations are subject to many uncertainties and further expansion of its international operations exposes its to risks that could have a material adverse effect on its business, financial condition and results of operations.
3. If the company is unable to attract new clients and expand sales to existing clients, its growth could be slower than its expect and its business may also decline, which could adversely affect its results of operations and financial condition.
4. The company derive a significant portion of its revenue from certain industries, and any decrease in demand for outsourced services in these industries could reduce its revenues and materially adversely affect its business, financial condition and results of operations.
5. If the company cannot keep pace with rapid technological developments to offer new and innovative products and services as well as develop solutions to address the need of its clients, the use of its products and services and, consequently, the company is business, financial condition and results of operations, could decline. Further, its new offerings to clients in existing areas of business or new areas may not gain market acceptance.
6. The company is dependent on a number of key personnel, including its Promoters and senior management team, and on its wider delivery and sales team and the loss of, or its inability to hire, retain, train, and motivate such qualified and skilled personnel could adversely affect its business, financial condition and results of operations.
7. The company obtain survey data, social media data, other forms of data and primary intelligence for its clients from third parties and public sources and require access to data to enhance its offerings. If the company is not able to obtain accurate, comprehensive or reliable data and broaden data access, its could experience reduced demand for its solutions and products, which could materially and adversely affect its business, results of operations and financial condition.
8. Its revenues from operations are highly dependent on clients located in the United States. Worsening
economic conditions or factors that negatively affect the economic conditions of the United States could materially adversely affect its business, financial condition and results of operations.
9. The company face strong competition primarily from other onshore and offshore analytics firms, insights providers, market intelligence firms, marketing agencies, product companies, consulting firms, business process outsourcing firms as well as IT services companies, and increased competition, its inability to compete successfully against competitors, pricing pressures or loss of market share could materially adversely affect its business, financial condition and results of operations.
10. Its business and operations have been and may continue to be materially and adversely affected by the COVID-19 pandemic.