Risk Factors Update Summary
- Recently experienced component shortages and longer lead times due to increased demand for surface mount components.
- Component shortages led to increased inventory balances and potential write-offs, affecting profitability.
- Inventory balances increased over the last several years due to enhanced procurement efforts.
- Sales from international customers were 58%, 61%, and 55% of total sales in 2023, 2022, and 2021, respectively.
- Total outstanding debt increased from $326 million to $332 million as of December 31, 2023.
- Goodwill decreased from $192.1 million to $51 million as of December 31, 2023.
- Changes in tax rates applicable to the U.S. and China may impact the company's financial results.
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=863436&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.