Risk Factors Update Summary
- Failure to develop, introduce, and market new solutions may put company at competitive disadvantage. This could adversely affect operating results.
- Revenue growth rate may not be maintained, with revenue expected to increase from $150 million in 2022 to $174 million in 2023.
- Cybersecurity breaches could result in unauthorized access to confidential information, impacting reputation and operations.
- Failure to effectively execute growth strategy may lead to declining margins and net income.
- Inability to attract and retain skilled personnel may hinder achieving business goals.
- Errors, failures, or vulnerabilities in the solution could harm reputation, result in significant costs, and impair sales.
- Expansion of operations has increased employee headcount and infrastructure, putting strain on growth strategy.
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=1868912&owner=exclude
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