Risk Factors Update Summary
- Research and development expenses increased to 34% of revenue in 2023, up from 31%.
- Principal Equity Owners reduced their combined voting power from 96% to 90% in 2023.
- Implemented a Base + model since 2022. This change might impact revenue growth positively.
- Tax savings associated with Tax Attributes decreased from $735 million to $691 million.
- Revenue grew 21% in 2022 compared to 2021. This growth trend is significant.
- Federal Reserve raised interest rates in 2022 and 2023, impacting financial strategies.
- Term loans outstanding decreased from $51 million to $48 million in 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=1866368&owner=exclude
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