Risk Factors Update Summary
- We typically experience significant competition for both technology segments, which may require us to lower product prices.
- In 2023, our five largest customers accounted for 53% of net revenues, with the largest customer at 20%.
- Increasing costs for manufactured components may adversely affect profitability due to price volatility and inflation.
- The PSA with MMMS expires on December 31, 2024, impacting the supply of certain products.
- Cybersecurity requirements have increased, posing risks to our operations and data security.
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=846913&owner=exclude
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