Risk Factors Update Summary
- Our financial condition raises substantial doubt about our ability to continue as a going concern. We currently have approximately $5.0 available to borrow under our new Credit Agreement with Axos Bank.
- We have taken actions to address liquidity needs, but failure to execute plans could have an adverse effect.
- Failure to deliver backlog on time could impact future sales and profitability, valued at $530.5 million in 2023 and $549.1 million in 2022.
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=1630805&owner=exclude
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