Risk Factors Update Summary
- Actual operating results may differ significantly. This could cause stock price to decline.
- Increased scrutiny on data suppliers under California, Vermont, Texas, and Oregon laws may expose them to penalties ranging from $5 million to $10 million.
- Increased focus on potential data disruptions and interruptions may lead to revenue reduction and significant costs.
- Revenue growth rate decline could lead to substantial decline in stock price.
- Uncertainty in legal and regulatory AI landscape may require significant resources to comply with evolving laws.
- Revenue increased from $386.9 million in 2021 to $732.4 million in 2024.
- The California Delete Act requires a mechanism by January 1, 2026, for consumers to delete all personal data from registered data brokers.
- Accumulated deficit decreased from $496.6 million in 2022 to $474.8 million in 2024.
- Number of customers grew from 166 in 2022 to 1,428 in 2023, affecting business.
- Failure to maintain effective internal controls over financial reporting could result in restatements of financial statements.
- Expansion of privacy laws globally may result in increased compliance costs and penalties.
- The company's dual-class structure may make it ineligible for inclusion in many indices, impacting market volatility.
- Failure to comply with PCI DSS standards could lead to penalties ranging from $5,000 to $100,000 per month.
- Fluctuations in results of operations may negatively impact stock value and investor expectations.
- Revenue growth rate may fluctuate, impacting stock price and investor perceptions.
- Potential impact on business if subject to securities litigation or stockholder activism, affecting expenses and growth strategy.
- Failure to detect and remediate vulnerabilities in information systems could lead to security incidents.
- Reliance on third-party relationships for technology platforms may lead to difficulties in providing services.
- Uncertainty in the global economy, including credit and financial markets, may adversely affect the company's operations.
- Increased investment in research and development, with expenses at least 10% of revenue, to drive new technologies and features.
- Potential disruptions due to catastrophic events like natural disasters or cybersecurity attacks could impact 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=1569345&owner=exclude
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