Risk Factors Update Summary
- Revenue increased from $192.2 million in 2021 to $212.8 million in 2022.
- Workforce grew from 602 employees in 2021 to 704 employees in 2022.
- Accumulated deficit increased from $618 million in 2022 to $766 million in 2023.
- A restructuring plan in November 2023 reduced the workforce by approximately 25%.
- Gross U.S. NOL carryforwards increased from approximately $382 million to $413 million.
- An increase of $150.0 million to the Share Repurchase Program was approved in February 2024.
- Shares of Class A common stock outstanding increased from 153 million to 186 million.
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=1846069&owner=exclude
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