Risk Factors Update Summary
- Accumulated deficit increased from $765 million to $1.8 billion, with net losses rising significantly.
- Loss per share increased from $(0.45) to $(0.32), indicating deteriorating financial performance.
- Revenue concentration risk increased as Customer A accounted for 100% of revenue in 2022.
- Expenses expected to rise significantly due to the Ibeo acquisition and headcount increase.
- Loss of sole customer Customer A or continued lack of shipments could negatively impact future revenue.
- Forecasted market opportunity for lidar technology may not materialize as anticipated, impacting growth.
- Increased complexity in internal controls due to the acquisition of MicroVision GmbH assets.
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=65770&owner=exclude
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