Risk Factors Update Summary
- Social and ethical issues related to AI use may result in reputational harm or liability.
- Expansion announced in Armenia, India, and Jamaica, with significant revenue from top clients.
- Operating expenses increased significantly, including net losses of $29.2 million in 2022.
- Acquisitions of Mutual Mobile in December 2022 and NextSphere in April 2023 may impact operations.
- Legal proceedings may result in increased compliance costs related to cross-border data transfers.
- Privacy legislation changes, including CPRA and state laws, may increase privacy and security obligations.
- Export license requirements may lead to delays or loss of sales opportunities.
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=1743725&owner=exclude
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