Risk Factors Update Summary
- Revenue declined to $150.7 million in 2023 from $142.8 million in 2021, with 133 employees.
- Operating expenses expected to increase in future periods, impacting revenue growth offset.
- Change from "will be" to "is" regarding stock market influence. This change implies a more immediate impact.
- Failure to meet debt covenants in 2023, requiring a waiver from CIBC.
- Added "prospects" to highlight uncertainty in growth. This change might indicate a shift in strategic focus.
- Future sales of Class A common stock increased to 70.2 million shares in 2023.
- Mention of "62" is new. This numerical value could represent a specific metric or target.
- Changes in capital structure and interest rates may impact demand for 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=1476840&owner=exclude
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