Risk Factors Update Summary
- Revenue increased significantly from $369.3 million in 2021 to $468.0 million in 2022.
- Customer base size increased, with 12% of subscription customers spending over $1 million in 2023.
- Anticipated future size increase from 35 to 39 indicates potential growth in market share.
- The company obtained a judgment against Pegasystems for $2.036 billion for trade secret misappropriation.
- Gross U.S. NOLs increased from $237.9 million in 2022 to $306.3 million in 2023.
- Potential decline in share price or trading volume could impact investor confidence.
- The company entered into a Senior Secured Credit Facilities Credit Agreement for $150.0 million.
- Revenue from customers outside the U.S. increased from 33.5% in 2022 to 35.8% in 2023.
- The company had 16 issued patents and 9 pending patent applications related to its platform.
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=1441683&owner=exclude
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