Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Limited operating history as a standalone public company may impact future financial results.
  • Added risks related to reselling and integrating third-party software, highlighting potential defects, errors, and vulnerabilities that could harm reputation and result in significant costs.
  • Added risks related to climate change, including the potential impact of extreme weather events on operations.
  • May face challenges in engaging in strategic or capital-raising transactions post-Distribution.
  • Increased revenue from $346.5 million in 2021 to $371.8 million in 2022 and $421.9 million in 2023.
  • Transition from an "emerging growth company" status, requiring an attestation report on internal control over financial reporting.
  • Change from "economic" to "macroeconomic" conditions may affect stock price volatility.
  • Expansion of operations in Canada, the Netherlands, the Philippines, Poland, Portugal, Romania, and the United Kingdom.
  • Plans to continue making acquisitions to expand business, with a focus on larger acquisitions.
  • Increased revenue from customers outside the United States, representing 51.2% of total revenue in 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=1834488&owner=exclude

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