Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Services may be delayed or lost due to defects in new software, resulting in liability.
  • Incorporating AI and machine learning may adversely affect business operations and results.
  • Failure to integrate acquired businesses successfully may impact operational synergies and profitability.
  • Debt servicing requires significant cash, with $27.4 million used in 2023 to service debt.
  • Revenue growth depends on customer base expansion and relationship building, with 433 PhD employees.
  • Goodwill impairment charge of $47.0 million in 2023 may affect operating results.
  • Ownership changes occurred in prior periods, with no change during the period ending December 31, 2023.

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=1827090&owner=exclude

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