Risk Factors Update Summary
- Expected revenue recognition from significant customers increased from 20% to 53% by the end of 2024. This change might affect short-term financial performance.
- Revenue from time-and-material and fixed-price contracts shifted from 55% and 32% in 2022 to 55% and 32% in 2023. This change might result in revenue stability.
- Total backlog decreased from approximately $218 million to $168 million, with $89 million attributable to significant customers. This change might impact future revenue streams.
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=1836981&owner=exclude
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