though there are a few things it could be...
I would start with the KIPS, be sure they're opening/closing fully, and working correctly, if at all.
you can remove the plastic KIPS cover on the right side of the jug, start it up, and rev it a couple times to see if they're working. If the rod comes out when you rev it, you'll know they're working. Now you'll need to shut it down, remove the pipe, and look up into the exhaust port, and see if the side valves are fully closed...you can then manually pull on the rod easily on the side of the cylinder to see if they open fully.
Start with that, then report back.