Risk Factors Update Summary
- Revenue from Mitek increased from 43% to 45% of total revenue.
- Recorded an impairment charge of $62.2 million on intangible assets related to acquisitions.
- The California Privacy Rights Act (CPRA) modifies the CCPA, imposing additional obligations.
- The original compliance expiry date for EU MDR has been extended to December 2027 or 2028.
- Ownership of common stock faces risks from staffing shortages, supply chain disruptions, and inflation.
- Efforts to integrate Arthrosurface and Parcus Medical businesses have been more challenging than anticipated.
- Activist stockholder Caligan intends to nominate two directors for election at the 2024 annual meeting.
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=898437&owner=exclude
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