Risk Factors Update Summary
- Sales concentration to Boeing increased from 10.0% to 11.0% in 2023.
- Potential decline in sales from Boeing or Panasonic may impact earnings significantly.
- Labor market competition escalated, leading to increased costs and potential profitability impact.
- Net loss decreased from $35 million to $26 million in 2023.
- Debt outstanding increased from approximately $164 million to $172 million in 2023.
- Goodwill and net intangible assets increased from 9.5% to 12.0% of total assets in 2023.
- Approximately 25% of consolidated sales in 2023 were made to customers outside the United States.
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=8063&owner=exclude
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