Risk Factors Update Summary
- Our adjusted gross profit as a percentage of retained premiums and fees increased from 40% in 2023 to 53% in 2022. This indicates improved profitability.
- Identified more efficient ways to deploy technology, emphasizing successful deployment with new distribution channels.
- We sold our assets related to the Local Component, resulting in a strategic shift and discontinued operations in the third quarter of 2023.
- Expanded geographic footprint, licensed in 48 states and DC, aiming to grow presence and market share.
- Our outstanding shares were acquired for $6.29 per share in cash, subject to the Merger Agreement.
- Investing in business model expansion for residential real estate services to enhance efficiency and quality.
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=1722438&owner=exclude
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