Risk Factors Update Summary
- New competitors introduced: Arm Limited, EXTOLL GmbH, Signature IP, SkyeChip, and TrueChip. This may impact market share.
- Net loss increased from $27.4 million in 2022 to $36.9 million in 2023. This indicates worsening financial performance.
- Revenue derived from customers in China increased from 28% in 2022 to 31% in 2023. This indicates growing reliance on the Chinese market.
- Accumulated deficit rose from $39.0 million in 2021 to $103.2 million in 2023. This shows a significant increase.
- Pending patent applications increased from 75 in 2022 to 81 in 2023. This shows a focus on innovation and IP protection.
- Revenue from customers outside the U.S. increased from 59.3% in 2022 to 65.4% in 2023. This indicates a shift in revenue sources.
- Voting power held by K. Charles Janac decreased from approximately 30% in 2022 to 27.4% in 2023. This may impact decision-making power.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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