Risk Factors Update Summary
- Depend on a limited number of customers and products in specific market sectors. Revenue from the same customer decreased from 18% to 16%.
- Revenue fluctuates significantly due to various factors, including acquisitions increasing fixed costs and higher product revenue costs.
- Intend to divest Freezer Business, actively seeking divestment, but no buyer commitment yet.
- Identified material weaknesses in internal controls, including ineffective control environment and internal control procedures.
- Net carrying value of goodwill and intangible assets totaled $245.9 million as of December 31, 2023.
- Future sales of common stock or capital fundraising events may impact stock price and volume.
- Risks related to accounting matters, changes in accounting standards, and subjective assumptions could impact financial reporting.
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=834365&owner=exclude
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