Risk Factors Update Summary
- Revenues from Cloud solutions have grown substantially and a significant portion of market valuation is based on maintaining high growth rate.
- Failure to sell Cloud solutions into new markets or penetrate existing markets could reduce revenue.
- The company may experience difficulty in hiring and retaining employees with appropriate qualifications, which could raise the risk of failures to operate the business to the quality needed. This change might result in increased compensation for current and prospective employees.
- Entry into new markets or introduction of new features may not be successful.
- The company may face additional regulatory investigations or governmental oversight to ensure they are meeting their BSA obligations.
- The company faces competition that could intensify in the future.
- The company's federal and state net operating losses not utilized will begin to expire in 2031 and 2023, respectively, which could impact the company's financial condition and results of operations.
- The movement of funds for payroll-related transactions is subject to an increasingly complex series of regulations and laws.
- The company may face litigation and regulatory investigations that might result in substantial costs and may include information requests, subpoenas, and book and records examinations from regulators and other authorities.
- Failure to comply with privacy, data protection, and information security laws and regulations could have a material adverse effect on the business.
- The company's use of open source software in its products could require the company to publicly release the affected portions of its source code.
- The company's growth may be dependent on its ability to transition acquired customers to Dayforce products.
- The company's outstanding indebtedness and any additional indebtedness could have a material adverse effect on its financial condition and its ability to operate its business.
- The company's disclosures and ambitions related to ESG matters may expose it to risks that could adversely affect its reputation and performance.
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=1725057&owner=exclude
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