Risk Factors Update Summary
- Revenue declined from $39.5 million in Q2 2022 to $17.4 million in Q3 2023.
- Gross margin dropped from 34% in Q2 2019 to 10% in Q3 2019.
- International sales decreased from 86% to 90% of revenue.
- Foreign exchange gain decreased from $1.6 million in 2023 to $169,000 in 2022.
- Equity in Income of Unconsolidated Joint Venture Companies dropped from $6.0 million in 2022 to $1.9 million in 2023.
- Net operating loss carryforwards decreased from approximately $31.9 million to $21.115 million.
- Impairment charge of $1.1 million incurred in the second quarter of 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=1051627&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.