Risk Factors Update Summary
- Increased focus on AI and machine learning technologies may result in reputational harm or liability.
- Net losses attributable to nCino decreased from $49.4 million in 2022 to $42.3 million in 2024.
- Revenue increased from $408.3 million in 2023 to $476.5 million in 2024.
- Acquisition of DocFox in March 2024 may impact operating results and expectations.
- Insight Partners holds approximately 34% of total outstanding common stock, influencing corporate actions.
- Failure to maintain revenue growth could adversely affect the business.
- Cybersecurity threats continue to evolve, requiring ongoing resources and enhancements.
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=1902733&owner=exclude
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