Risk Factors Update Summary
- Increased focus on data privacy laws and regulations, potential fines up to €20 million.
- Revenue increased from $166 million in 2021 to $251 million in 2023, with a net loss of $24 million in 2022 increasing to $289 million in 2023.
- Sales efforts targeting larger enterprise organizations, with potential reputational risks and challenges.
- Uncertainty in transferring personal data to the United States and other countries due to data localization laws.
- Operating expenses are expected to rise due to restructuring plans in 2023 and 2024.
- Office locations reduced from two to one in 2023, with growth in headcount to over 950 employees.
- Material weakness in internal controls over financial reporting, potential impact on financial results.
- Headcount grew from over 550 employees in 2020 to over 950 employees in 2023.
- Acquisition of Populi Analytical Wizards in 2023 to expand market share and integrate business.
- A reduction in global headcount by approximately 154 employees in 2024, incurring restructuring charges of $6.2 million to $7.2 million.
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=1861795&owner=exclude
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