Risk Factors Update Summary
- Satellites may fail prematurely, affecting network and profitability. In-orbit malfunctions could lead to service failure.
- No in-orbit satellite insurance maintained; plan to obtain in-orbit insurance for $120.0 million.
- Loss of distributors could reduce distribution efforts, impacting revenue. Consolidation risks with distributors.
- Revenue from operations in Russia decreased from 2.1% to 1.8% of total revenue.
- Revenue from top ten distributors decreased from 34% to 27% of total revenue.
- Delays in product orders due to global silicon chip shortage, impacting costs and sales.
- Potential expansion risks include effects of global pandemic and compliance with security regulations.
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=1418819&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.