Risk Factors Update Summary
- Revenue growth rate decreased in recent years, with a 6% decrease in 2022 and a 14% decrease in 2023.
- Customer subscriptions saw declines, with a 30% decrease in 2021 compared to 2020.
- Headcount reduced by approximately 28% in 2023 compared to 2022, impacting operations.
- Investment in research and development significantly reduced, potentially impacting product enhancements.
- Revenue from customers outside the US decreased by 12% in 2023 compared to 2022.
- Issued patents reduced from 18 to 19, and pending patent applications reduced from 27 to 26 in 2023.
- Capital return program completed, including a special dividend of $49.9 million in June 2023.
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=1110611&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.