Risk Factors Update Summary
- New business strategy launched in December 2023 likely to reduce active engagements with customers.
- Reduction from five to two customers for NRE revenues in 2023.
- Increase in customers representing net revenues from 68% to 56.4% in 2023.
- Increase in stockholders of record from 37 to 55 as of January 26, 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.
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