Risk Factors Update Summary
- Accumulated deficit increased from $395 million to $528 million, impacting financial stability.
- Addition of comprehensive privacy laws in multiple states may increase legal risk and compliance costs.
- Cash and equivalents decreased from $337 million to $281 million, affecting liquidity.
- Introduction of laws targeting specific privacy aspects, like health information, in certain states.
- Planned operating expenses now funded through 2027, extended from 2024, ensuring financial stability.
- Increased complexity and potential legal risks due to varying privacy laws across states.
- Changes in GDPR requirements and penalties may impact compliance efforts and financial condition.
- Uncertainty around data transfers from EEA and UK to third countries may affect business operations.
- Potential impact on business operations and financial position due to inability to transfer personal data.
- Uncertainty regarding the development of UK data protection laws and regulations post-Brexit.
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=1662579&owner=exclude
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