Risk Factors Update Summary
- Transitioned to SOFR from LIBOR under Tax Receivable Agreement due to cessation of LIBOR.
- The company's revenue from COVID-19 related products significantly decreased from 67.9% to 21.0%.
- Organizational structure benefits MLSH 1 and MLSH 2 more than other common shareholders.
- Revenue from COVID-19 related products and services decreased from 69.7% to 35.4%.
- The company's ability to forecast fluctuations in demand could harm its business, financial position, and future results of operations.
- Changes in expected timing and amount of release of tax valuation allowances.
- The company's revenue from its largest customers decreased from 61.2% to 19.3%.
- The distributor in China accounted for 4.8% of total revenues in the year ended December 31, 2023.
- The company's total current and long-term indebtedness decreased from approximately $538 million to $533 million.
- The company's revenue from outside the U.S. decreased from 62% to 51% for the year ended December 31, 2023.
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=1823239&owner=exclude
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