Risk Factors Update Summary
- Monitoring attacks on shipping in the Red Sea due to unrest in the Middle East.
- Largest clients accounted for approximately 73% of revenues, up from 35%.
- Net losses decreased from $29,091,000 in 2022 to $12,100,000 in 2023.
- Results of operations for the twelve months ended December 31, 2023, were $1.28, down from $2.69 in 2022.
- Wilks and its affiliates own approximately 74.46% of common stock, impacting trading volumes.
- Cybersecurity program implemented to assess, identify, and manage risks from cybersecurity threats.
- Political and regulatory authorities addressing induced seismicity in gas production.
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=799165&owner=exclude
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