Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Revenue decreased from $2,128.4 million to $1,675.1 million in 2022, and to $1,028.8 million in 2023.
  • Net losses were experienced in several recent fiscal years, including $202 million as of December 31, 2023.
  • The number of out-of-the-box integrations increased from 600 to 700, enhancing deployment capabilities.
  • NOL carryforwards for federal and state income tax purposes decreased from approximately $243 million to $206.4 million and $92.0 million, respectively, as of December 31, 2023.
  • The percentage of full-time employees located outside the United States increased from 33% to 36%.
  • The number of shares of Class B common stock outstanding decreased from representing 47% to 46% of the voting power.
  • The Sarbanes-Oxley Act compliance costs are expected to further increase, impacting financials.

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=1561550&owner=exclude

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