Risk Factors Update Summary
- Increased competition may lead to price reductions and/or decreased demand, impacting financial results.
- Dependence on third-party cloud providers for service delivery may impact reputation and business.
- Revenues from the Restaurant/Retail segment constituted 67% of total revenues, a significant increase.
- Introduction of artificial intelligence poses pricing pressure and affects profitability in evolving industry.
- Insufficient cash flow from operating subsidiaries may expose the company to debt repayment risks.
- Failure to recruit, develop, and retain qualified employees may harm business operations.
- Sales to two customers and their franchisees accounted for 17% of total revenues in 2023.
- Goodwill of $489.7 million and intangibles of $94.9 million at December 31, 2023.
- Volatility in trading price of common stock may impair ability to finance strategic transactions.
- Failure to meet service level commitments under customer contracts could harm operations.
- Product errors could damage reputation, deter customers, and adversely affect financial results.
- Outstanding debt of $385.0 million under Convertible Senior Notes due 2026 and 2027.
- Evaluation of strategic alternatives may negatively impact business operations and stock price.
- Potential impairment of goodwill and intangible assets could adversely affect financial condition.
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=708821&owner=exclude
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