Risk Factors Update Summary
- Outstanding debt decreased from $50 million to $35 million as of December 31, 2023.
- Consulting revenues decreased from 28% of total revenues in 2022 to 25% in 2023.
- Several U.S. states passed data privacy laws effective in 2023 or 2024.
- The number of countries with clients decreased from 79 to 76.
- Introduction of generative AI tool Izola poses risks including factual errors and data privacy concerns.
- Ownership by George F. Colony reduced from 39% to 38%.
- Risks related to health epidemics were mentioned but not considered material.
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=1023313&owner=exclude
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