Risk Factors Update Summary
- Increased customer acquisitions and renewals, with a recent uptick, may impact future performance.
- Robust state budgets dedicated to digital transformation projects, with 70% ESSER funds remaining.
- Interest rate on Senior Term Loan increased from 6.12% to 8.68% impacting debt costs.
- Increased variable costs due to higher customer interactions and wait times since the pandemic.
- Accumulated deficit increased from $335.9 million to $376.0 million, impacting financial health.
- Completed eight acquisitions since 2017, enhancing growth potential and market presence.
- Potential impact of ePrivacy Regulation and cybersecurity incidents on operations and compliance.
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=1841804&owner=exclude
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