Risk Factors Update Summary
- Net sales from automotive customers increased from 97% to 98% in 2023.
- Sales to automotive customers increased from 97% to 98% of annual net sales.
- Full Display Mirrors are now shipped to all fourteen customers, up from 86 nameplates.
- The updated GB15084 allows for camera monitoring systems and frameless mirrors in China.
- Supply chain disruptions are expected to continue due to industry-related factors.
- Acquisitions of businesses, technologies, and assets may play a role in future growth.
- Failure of IT infrastructure impacts business, requiring upgrades and monitoring systems.
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=355811&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.