Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Revenue increased significantly from $720.2 million in 2022 to $950.0 million in 2023.
  • Climate-related events may result in higher attrition, losses, and additional costs for operations.
  • Net losses decreased from $286.9 million in 2022 to $189.7 million in 2023.
  • International operations and expansion efforts require considerable management attention and investment.
  • Increased risk of deficiencies in disclosure controls and procedures could lead to material weaknesses.
  • Accumulated deficit decreased from $949.1 billion to $1.1 billion.
  • Revenue from customers outside the U.S. increased from 14% in 2022 to 2023.
  • Potential disruptions from macroeconomic events, including military conflict, could impact business operations.
  • Engineering and product development investments were emphasized over research investments.
  • Brand identity and awareness importance was reiterated for customer base expansion and market acceptance.

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=1611052&owner=exclude

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