Risk Factors Update Summary
- Operating loss increased from $240 million to $264 million due to declining orders.
- Workforce reduction of 31% (350 employees) may disrupt operations and increase restructuring charges.
- Sales and marketing expenses increased from $201.7 million in 2022 to $293.3 million in 2023.
- Stock price declined from a high of $59.92 to a low of $11.63 post-Merger termination.
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=1159167&owner=exclude
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