Risk Factors Update Summary
- Demand partners' representation of revenue changed significantly, with the largest demand partner decreasing from 10% to 7%.
- Revenue from insurance verticals increased from 95% to 96.6% of total revenue.
- Revenue from the top 20 demand partners decreased from 46% to 41% of total revenue.
- Interest paid on credit facilities increased by $6.7 million, from $7.1 million to $13.8 million.
- Aggregate principal amount outstanding under the 2021 Term Loan Facility decreased from $180 million to $171 million.
- Changes in regulations by CMS may impact the manner in which the company or partners operate.
- Potential impact on demand partners due to changes in regulations regarding Medicare plans and broker compensation.
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=1818383&owner=exclude
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