Risk Factors Update Summary
- Sales heavily reliant on materials processing market, with 90% of 2023 revenues from it.
- Workforce reduced significantly from approximately 6,230 employees to 180 employees in 2023.
- Capital expenditures decreased from $123 million in 2022 to an estimated $120 million in 2023.
- Net asset value of Russian subsidiary at $103.9 million with a reduction of $138.5 million.
- Short-term investments totaling $663 million in 2023, with potential market value decline risks.
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=1111928&owner=exclude
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