Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • A federal jury awarded damages of approximately $1.78 billion for anticompetitive behavior in violation of federal antitrust laws.
  • Revenues derived from the New York metropolitan area increased from 52% to 50% in 2022 to 52% in 2023.
  • Impairment charges of $46.3 million to goodwill and $12.0 million to trademark intangible assets were recorded in the first quarter of 2020.
  • Mortgage interest rates significantly and rapidly increased, impacting homebuyers and potentially reducing transaction volume.
  • Open-source software usage poses risks, including potential enforcement actions related to licenses.
  • Escrow deposits exceeding FDIC insurance limits could impact liquidity and operations if financial institutions face insolvency.
  • Potential legal proceedings and regulatory actions could negatively affect financial condition and 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=1878897&owner=exclude

Click here to download the PDF

This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.