Risk Factors Update Summary
- Employee headcount increased from 1,300 to 1,400 from 2022 to 2023.
- Increased focus on AI technologies and potential risks associated with AI adoption and competition.
- Revenue growth rates for 2021, 2022, and 2023 were 37%, 35%, and 25% respectively.
- Net operating loss carryforwards increased from $107 million in 2022 to $138 million in 2023.
- Potential impact of geopolitical tensions on business operations and financial results highlighted.
- Net loss decreased from $90.2 million in 2022 to $61.3 million in 2023.
- Ownership concentration by insiders decreased from 32% to 18% from 2022 to 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=1800667&owner=exclude
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