Risk Factors Update Summary
- Deterioration of economic conditions could adversely affect consumer spending and demand for products.
- Number of active earning OPTAVIA Coaches decreased from 60,900 in 2022 to 41,100 in 2023.
- Revenue per active earning Coach declined since Q2 2023, impacting future revenue and operations.
- Sales may be affected by economic forces, changes in consumer income, and discretionary spending.
- Failure to develop innovative products may harm business, financial condition, and operations.
- Increased scrutiny of testimonials may impact business, with potential adverse effects.
- Collaboration with LifeMD poses risks, including potential legal actions and reputational harm.
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=910329&owner=exclude
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