Risk Factors Update Summary
- Backlog increased from $311.7 million in 2022 to $370.9 million in 2023.
- Goodwill and indefinite lived intangibles increased from $192.7 million to $220.9 million.
- Number of employees decreased from approximately 1,000 to approximately 200 in 2023.
- Sales price of common stock increased from a range of $4.09-$12.21 per share in 2022 to $10.89-$43.21 per share in 2023.
- Common stock dividends were not paid in 2020, 2021, or 2022, with no plans for future dividends.
- Material weaknesses in internal controls identified, ongoing remediation efforts in place.
- Failure to maintain internal controls could lead to regulatory actions and financial misstatements.
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=3197&owner=exclude
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