Risk Factors Update Summary
- Workforce reduction of approximately 11% announced in June 2023 may impact company culture and employee morale.
- Reduction in revenue from the ten largest restaurant customers from 13% to 12%.
- Concentration of voting power of Class B common stock relative to Class A common stock.
- Net losses decreased from $58.3 million in 2022 to $46.0 million in 2023.
- Addition of evolving events in Israel, Gaza, and the Middle East to risk factors.
- Change in reporting year from 2022 to 2023 for substantial costs related to incidents.
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=1431695&owner=exclude
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