Risk Factors Update Summary

• "Unanticipated" added to risk factors. This change might indicate potential unforeseen risks.
• Failure to meet financial reporting obligations could result in regulatory discipline or harm investors.
• Net losses increased significantly from $58.2 million in 2022 to $80.2 million in 2024.
• Noted the federal and state net operating losses increased from $324 million to $335 million and $178 million to $193 million, respectively.
• Increased the number of U.S. patents from 5 to 9 and U.S. non-provisional patent applications from 5 to 9.
• Introduced the Virginia Consumer Data Protection Act, creating consumer rights and obligations.
• Revenue grew from $123.5 million in 2022 to $180.0 million in 2024.
• Mentioned the potential impact of ownership changes on the utilization of net operating losses.
• Expanded the U.S. provisional patent applications from 1 to 2 and foreign patent applications from 4 to 3.
• "Our" management team now specified. This change clarifies management responsibility.
• Market price volatility may increase due to changes in operating performance and stock market valuations.
• Added a new privacy law, the California Privacy Rights Act, impacting data handling practices.
• Disclosed the Inflation Reduction Act imposing a 15% minimum tax for large entities.
• Fluctuations in results of operations or securities class action litigation could impact stock price.
• "Available" exemptions mentioned. This change highlights potential regulatory advantages.
• Employee headcount grew, and the company plans to expand internationally, increasing demands on resources.
• Extreme market volatility may affect stock price due to global economic conditions and geopolitical developments.