Risk Factors Update Summary
- Loss of key customers increased from 64% to 73.1% of net sales.
- Store presence expanded from 407 to 544 locations, impacting distribution, litigation, and liability.
- Federal NOLs increased from $340.3 million to $420 million, potentially affecting cash flows.
- State NOLs rose from $259.4 million to $312.8 million, impacting taxable income utilization.
- Shares outstanding decreased from 48,037,016 to 48,037,263, affecting ownership dilution.
- Interest rate benchmark shifted from LIBOR to SOFR, impacting borrowing costs and investments.
- Cybersecurity risks increased with evolving cyber-attacks, necessitating additional protection measures.
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=1611647&owner=exclude
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