Risk Factors Update Summary
- "Net revenues decreased from $110 million in 2022 to $104 million in 2023."
- "A $7.5 million impairment charge was recorded for two impaired trade names in 2023."
- "Outstanding indebtedness decreased from $306 million in 2022 to $225 million in 2023."
- "Labor shortages led to increased turnover rates, impacting operational efficiency and costs."
- "The effective tax rate is expected to increase due to global tax reforms."
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1579241&owner=exclude
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