Risk Factors Update Summary
- Environmental compliance deadline extended to December 31, 2023, impacting operations and results.
- Net loss increased from $84.7 million to $88.4 million for the year ended December 31, 2022.
- Labor market tightening and competitive labor market observed, impacting hiring and retention.
- New SCCs for data transfers outside EEA and UK must be in place by December 27, 2022.
- Accumulated deficit increased from $377 million to $466.9 million as of December 31, 2023.
- Indefinite lived intangible assets decreased from $12.4 million to $0.
- Companies must assess data importers' ability to safeguard personal data under GDPR.
- Non-cash impairment charges increased from $11.4 million to $12.4 million.
- Potential delays in clinical trials due to COVID-19 pandemic may impact operations.
- Potential delisting from Nasdaq Global Market could occur due to non-compliance or financing issues.
- Cash, cash equivalents, and investments increased from $184.9 million to $197.9 million as of December 31, 2023.
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=1326190&owner=exclude
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