Risk Factors Update Summary
- Net loss decreased from $136.7 million in 2022 to $113.9 million in 2023.
- Reduction in workforce and fixed costs led to a decrease in net loss.
- Increased expenses and administrative burdens due to uncertainties beyond control.
- Increased investments in acquisitions, including Getaround SAS and HyreCar business.
- Non-compliance with NYSE listing requirements may impact trading of common stock.
- Identified material weaknesses in internal controls, requiring remediation.
- Potential liquidity issues due to limited access to funds in banking relationships.
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=1839608&owner=exclude
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