Risk Factors Update Summary
- Military conflicts like Russia's invasion of Ukraine and conflict in Israel added as risks.
- Privacy laws may restrict AI/ML use, leading to fines or penalties, requiring retraining, and limiting efficiency.
- Net loss decreased from $128.4 million to $75.2 million for fiscal year ended January 31, 2022.
- Sales of subscriptions outside the U.S. increased from 24% to 28% for fiscal year ended January 31, 2022.
- Challenges in transferring personal data due to data localization laws could lead to increased costs.
- Accumulated deficit increased from $477 million to $552 million as of January 31, 2024.
- Federal NOL carryforwards decreased from $451.5 million to $458.5 million as of January 31, 2024.
- Increased exposure to regulatory actions, fines, and penalties due to failure to comply with data privacy laws.
- Revenue increased from $281.4 million to $370.8 million for fiscal year ended January 31, 2022.
- State and foreign NOL carryforwards increased from $27 million to $30 million as of January 31, 2024.
- Failure to comply with export controls may result in significant fines, penalties, and reputational harm.
- Acquisition activities may impact financial results, customer acquisition, and dilution of stock ownership.
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=1568100&owner=exclude
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