Risk Factors Update Summary
- Customer concentration reduced with the top two customers' net sales decreasing from $640 million to $3 million.
- Inventory revaluation charges of $5.0 million recorded in Q4 2023 due to exiting certain retail locations.
- Lead times and inventory levels normalized in 2023, potentially reducing inventory costs and improving profitability.
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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