Risk Factors Update Summary
- Dependence on third-party manufacturers increased to 122, with 26 long-term contracts accounting for 72.0% of gross revenues in 2024, up from 25 manufacturers and 69.8% in 2023.
- Extended short-term loans to a supplier totaling $5.9 million in March 2024, potentially impacting financial condition.
- Loss of top customers Walmart and Amazon could reduce gross revenues significantly, affecting financial condition.
- Increased international business to 15% of total revenues in 2024, up from 14% in 2023.
- Total indebtedness increased to approximately $1.1 billion in 2024, up from $1 billion in 2023.
- Book value of total assets was $3.3 billion in 2024, with a significant portion in intangible assets.
- Failure to comply with FDA, FTC, or other regulations could result in reduced profits.
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=1295947&owner=exclude
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