Risk Factors Update Summary
- New privacy legislation, including the CCPA and CPRA, impose compliance burdens and potential penalties.
- Revenues from outside the U.S. decreased from 59% to 58% in 2023. This may impact currency exchange rates.
- Infrastructure project revenues in APAC decreased from 19% to 18% in 2023.
- Recent and potential tariffs could increase costs, impacting financial condition and results of operations.
- Potential penalties for non-compliance with GDPR and PIPL could be up to €20 million or 4% of global revenue.
- Global economic and political conditions may negatively impact business performance, affecting financial results.
- Dual-class structure gives Class A stockholders 29 votes per share, impacting voting power.
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=1031308&owner=exclude
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