Risk Factors Update Summary
- Operating results have fallen below financial guidance. This might impact investor confidence and future projections.
- Revenue increased in 2023, but no assurances for future revenue. Uncertainty remains regarding financial guidance.
- Cybersecurity threats pose risks, including data breaches and system sabotage, impacting operations and reputation.
- Revenue concentration increased with three customers in 2023, accounting for 67% of total revenue, up from 45%.
- Satellite launch delays could lead to revenue delays and impairment charges, as seen with a $18.4 million loss.
- Changes in tax laws, including new alternative minimum tax and excise tax, could affect stock repurchases.
- Anti-takeover provisions and broad asset discretion could affect business decisions and shareholder returns.
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=1753539&owner=exclude
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