Risk Factors Update Summary
- Sales concentration shifted with one customer representing 17.1% of total revenues in fiscal 2023, compared to 19.0% in fiscal 2022.
- A cyclical downturn since the second half of fiscal 2022 led to a significant decline in demand for certain products.
- Geopolitical tensions and trade barriers may increase manufacturing costs and limit sales to certain customers.
- Inflation led to higher costs, with suppliers raising prices, impacting gross margins and profitability.
- Stock price fluctuated from $21.92 to $42.01 per share in fiscal 2023.
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=1039399&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.