Risk Factors Update Summary
- Increased mortgage rates led to a peak of over 7% in late 2022 and over 8% in late 2023.
- Recorded $93.8 million of real estate inventory valuation adjustments in 2023, down from $93.8 million in 2022.
- Increased reliance on a single supplier for [key component] from 20% to 40%.
- Experienced a 1-for-15 reverse stock split in June 2023, resulting in 783,284 outstanding warrants.
- Expansion of operations into [new market] with an initial investment of $50 million.
- Regulatory fines for environmental violations increased by 25% to $5 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=1825024&owner=exclude
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