Risk Factors Update Summary
- Sales in 2023 are expected to decline from $3.7 billion to $3.5 billion.
- Uncertainty in AI development could adversely affect business, operations, and reputation.
- The company may fail to realize the full extent of benefits from growth initiatives.
- Failure to implement the ERP system successfully may impact financial reporting negatively.
- The number of common shares outstanding decreased from 220,052 to 140,111.
- The company shifted responsibility for manufacturing activities to its businesses in late 2023.
- The company's net sales outside the U.S. increased from 63% to 64% in 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=1616862&owner=exclude
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