Risk Factors Update Summary
- Geopolitical conflicts have increased, impacting energy prices. This may affect our business sustainability.
- Revenue concentration risk increased with two customers now accounting for 53% (NT) compared to 48% (RT).
- Uncertainty in bidding activities for large projects. Securing new awards may be challenging.
- Equipment operability crucial for project execution. Aging equipment maintenance costs could rise significantly.
- Share repurchase program initiated with authorization to repurchase up to $5.0 million of outstanding stock.
- Increased bidding activity due to rising oil and gas prices. Future profitability may be impacted.
- Sale of certain assets and facility consolidation may lead to impairments. Future restructuring risks.
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=1031623&owner=exclude
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