Risk Factors Update Summary
- The company faces risks related to market acceptance, cost overruns, government budget deficits, and key customer losses.
- Challenges include delays from third-party suppliers, product complexity, and protecting intellectual property.
- Backlog expected to be filled beyond fiscal 2024 is below expectations.
- Contracts with government agencies include terms imposing requirements and potential losses due to cost overruns.
- The company expects a relatively small number of customers to account for revenue.
- Approximately 54% of revenue is derived from the top five customers, down from 58%.
- Plans to derive increasing revenues from international sales, facing risks from economic instability and changes in diplomatic relationships.
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=836690&owner=exclude
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