Risk Factors Update Summary
- Identified material weakness in data privacy and cybersecurity risks, potentially leading to regulatory actions or litigation.
- Added risk of needing additional capital for business plan execution, with $61.4 million in 2022 and $50.7 million in 2023 operating losses.
- Increased risks due to ongoing military conflicts, leading to sanctions and market disruptions, impacting business operations.
- Increased cybersecurity risks to operational systems and customer data, potentially subjecting the company to regulatory actions or litigation.
- Added risk of geopolitical instability affecting business, especially due to ongoing conflicts in Ukraine and the Middle East.
- Fluctuating effective tax rates may impact financial condition due to historical ownership changes.
- Added risk of unanticipated changes in effective tax rates affecting financial condition and results of operations.
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=1498233&owner=exclude
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