Risk Factors Update Summary
- The Company increased its full-time employees from approximately 1,260 to 1,230. This change may impact operational efficiency and costs.
- The Company reduced its consolidated debt outstanding from $256 million to $210 million. This change affects financial leverage and interest expenses.
- The Company extended the maturity of its Term Loan from March 31, 2024, to August 26, 2027. This change impacts debt repayment timelines and financial flexibility.
- The Company increased sales to Walmart from 19% to 21% of consolidated net sales. This change affects revenue concentration risk.
- The Company increased sales to Amazon from 10% to 11% of consolidated net sales. This change impacts revenue diversification.
- The Company increased sales to Costco from 13% to 11% of consolidated net sales. This change affects revenue distribution.
- The Company increased sales of licensed brands from approximately 14% to 17% of gross sales. This change may impact brand partnerships and revenue streams.
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=874396&owner=exclude
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