Risk Factors Update Summary
- Additional debt could lead to senior rights for debt holders, restricting operations and dividend payments.
- The company initiated a strategic realignment of Fab1 in Fremont to focus on new product development.
- Servicing substantial debt may strain cash flow, impacting ability to pay principal and interest.
- Entered a 10-year manufacturing agreement with YBS for $100.0 million initial investment.
- Convertible Senior Notes' conditional conversion feature may negatively impact financials and liquidity.
- Acquired Routejade, resulting in a revenue concentration with a single customer accounting for 75%.
- Customer qualification cycles can take years, impacting financial condition and operating results.
- Long-term financial model assumes a net loss of $214.1 million for the fiscal year 2023.
- Acquisition of Routejade may disrupt business, dilute stockholder value, and require significant management attention.
- Failure to maintain effective controls and procedures could harm business operations and financial condition.
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=1828318&owner=exclude
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