Risk Factors Update Summary
- Market demand suggests refining initial launch specifications for proteomics platform.
- Experienced cybersecurity incident in January 2024, enhancing security processes ongoing.
- Net losses increased from $57.9 million in 2022 to $63.7 million in 2023.
- Laws in various states require ongoing compliance efforts and investment in data privacy.
- Accumulated deficit increased from $138 million to $202 million.
- Expect to need to raise additional capital for future expansion.
- Revenue expected to start in 2025 instead of 2024.
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=1808805&owner=exclude
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