Risk Factors Update Summary
- Revenue from Service Agreements increased from 24% to 49% of total revenue in 2023.
- An impairment charge of $175 million was recorded in 2023, compared to $88 million in 2022.
- Operating expenses for the year ended December 31, 2023, were $224.0 million, down from $369 million in 2022.
- Net losses on foreign currency transactions were $6.9 million in 2023, compared to gains of $6.4 million in 2022.
- The principal balance of debt obligations was $398.7 million in 2023, compared to $369.5 million in 2022.
- Thermo owned approximately 58% of outstanding common stock in 2023, down from 60% in 2022.
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.
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