Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Net losses increased from $19.7 million to $16.1 million, including non-cash expenses.
  • Accumulated deficit rose from $77 million to $93 million, impacting financial stability.
  • International expansion may introduce additional risks, impacting financial condition and results.
  • Revenue concentration increased with U.S. Army and Veterans Affairs accounting for 38% and 16%.
  • Integration of Amiga may be complex, costly, and time-consuming, affecting operations.
  • Acquisitions of All Cell and Amiga may not achieve goals, impacting financial performance.
  • Foreign currency exchange rate risks may impact financial condition and cash flows.

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=1398805&owner=exclude

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