Risk Factors Update Summary
- Number of employees increased from 72 in 2018 to 129 in 2023.
- Pending foreign patent applications increased from 73 to 79, with a total of 81 pending foreign patent applications in 2023.
- Net losses decreased significantly from $44.9 million in 2022 to $21.2 million in 2023.
- Number of territories covered increased from 225 in the U.S. and 12 in Europe to 287 territories in the U.S. and 19 outside the U.S.
- Accumulated deficit increased from $324 million to $345 million.
- Gross federal NOL carryforward decreased from $257 million to $226 million in 2023.
- Sales of Inspire system accounted for 5.3% of revenue in 2021, 3.2% in 2022, and 8.0% in 2023.
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=1609550&owner=exclude
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