Risk Factors Update Summary
- Facing increased competition from rivals with substantially greater sales and resources, impacting growth.
- Needing additional capital due to rapid growth, expecting to increase operational challenges and resource strain.
- Increased patent portfolio from 262 to 304 owned patents and from 11 to 26 in-licensed patents.
- Pending patent applications globally increased from 231 to 265, including a rise in U.S. applications.
- Changes in internal controls to address weaknesses, with management concluding remediation effective.
- Potential delays in regulatory approvals due to inspectional delays from COVID-19 and emerging variants.
- Opening a new headquarters facility in Englewood, Colorado, to support commercial expansion and training programs.
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=1531978&owner=exclude
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