Risk Factors Update Summary
- Implemented a 1:40 reverse stock split effective January 19, 2024, consolidating common stock.
- Expanded offerings to include AI forecasting capabilities for CPOs and utilities, enhancing services.
- Enhanced technology to manage stationary storage, aiming for 15% of deployments in 3 years.
- Increased patent portfolio from 4 to 6 U.S. patents and added various foreign patent applications.
- Reduced full-time employees from 19 to 17 and contract workers from 4 to 2.
- Shifted focus to the North America school bus market, expecting 80% revenue from K-12 business.
- Expanded operations internationally, with plans to invest in Europe and Japan for growth.
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=1836875&owner=exclude
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