Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The Consolidated Appropriations Act delays the 4% Medicare cut to 2024, extends the 2% cut to 2032.
  • Net losses increased from $67 million in 2022 to $71 million in 2023.
  • Outstanding principal indebtedness increased from $25 million to $45 million.
  • The IRA delays to 2032, impacting Medicare Part D, capping out-of-pocket costs at $2,000.
  • Accumulated deficit rose from $214 million to $285 million.
  • Cash, cash equivalents, and short-term investments rose from $127 million to $188 million.
  • Potential patients with ESKD receiving hemodialysis increased from 23,800 to 23,800.
  • Merck & Co. lawsuit against HHS and CMS challenges IRA's Drug Price Negotiation Program.
  • Outstanding principal indebtedness increased from $5 million to $45 million.
  • Potential patients with ABCC6 Deficiency increased from 20,000 to 24,000.

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=1693011&owner=exclude

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