Risk Factors Update Summary
- Increased regulatory obligations related to ESG and data privacy laws may result in significant expenses.
- Hired a Chief Growth Officer and a new Chief Financial Officer in 2023.
- Implemented price increases in 2022 and 2023 to offset input cost inflation.
- New SEC rules require enhanced disclosures on cybersecurity risk management, potentially impacting operations.
- Decreased revenue from retail customers: 55% to 51% and from Target: 31% to 30%.
- Increased warehouse costs as a percentage of revenue from 9% to 12%.
- International sales represented 2% of total revenue in 2022, fluctuating and declining since IPO.
- Increased revenue from Walmart: 4% to 7%.
- Increased cost of revenue due to higher purchase prices in 2023.
- Exited distribution in low-margin channels, impacting Skin and Personal Care revenue.
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=1530979&owner=exclude
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