Risk Factors Update Summary
- Revenue is derived from one major client, accounting for approximately 16%, 16%, and 17% of total revenue.
- A non-cash impairment charge of $191.8 million was recognized due to the Envestnet Data & Analytics reporting unit.
- Technology development costs reduced from $112 million to $72 million in 2023, but may increase in the future.
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.
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