Risk Factors Update Summary
- Revenue generated in Hong Kong increased from 78% to 79%, impacting geographic diversification.
- Negative operating cash flows were experienced in 2023 and 2022, with only modest positivity.
- Losses in active members increased from 12% to 16% from 2021 to 2022.
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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