Risk Factors Update Summary
- Revenue from the largest client decreased from 72% to 71% of total revenue.
- The company faces intense competition and dynamic changes in the B2B services industry.
- New competitors and technologies could impact the company's market share and revenue significantly.
- The company implemented cost-saving initiatives resulting in $6.4 million in savings in 2022.
- Interest rate changes could affect the company's debt payments and cash earnings.
- Revenue derived from operations outside the U.S. decreased from 11% to 9%.
- The company is unlikely to declare cash dividends in the foreseeable future.
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=45919&owner=exclude
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