Company – Scrape Financial

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Risk Factors Summary

Risk Factors Update Summary

  • Our top ten customers accounted for approximately 45% of net revenues for the year ended June 30, 2024, up from 37% in 2023.
  • Trade accounts receivable from these customers represented approximately 62% of net receivables at June 30, 2024, compared to 19% in 2023.
  • Our sales backlog was approximately $5.02 million as of June 30, 2024, indicating potential revenue growth.
  • We are undertaking and may enter into new lines of business, which could affect existing relationships and operations.
  • Our business could be adversely affected by security breaches, increasing challenges in acquiring new customers and maintaining existing 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=1770236&owner=exclude

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