Risk Factors Update Summary
- Net losses increased from $104.2 million to $75.8 million in 2023.
- Accumulated deficit rose from $267 million to $342.8 million.
- Cash and investments decreased from $661 million to $611 million in 2023.
- Federal and state NOL carryforwards increased from $67 million to $95.2 million and $124 million to $140.9 million, respectively.
- Potential ownership change under Sections 382 and 383 due to trigger events.
- Uncertainty regarding the utilization of new models for lowering drug costs for Medicare and Medicaid beneficiaries.
- Increase in outstanding options to purchase shares of Class A common stock from approximately 22 to 30 million.
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=1811063&owner=exclude
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