Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Addition of international laws to compliance efforts increases complexity and potential legal risks.
  • Net losses decreased from $132.4 million in 2022 to $96.0 million in 2023.
  • Inclusion of new privacy laws like CPRA and CCPA in California expands regulatory obligations.
  • Accumulated deficit increased from $399 million to $495 million.
  • Expansion to various U.S. states and international jurisdictions increases regulatory compliance challenges.
  • Cash and cash equivalents decreased from $351 million to $257 million in 2023.
  • Workforce reduced by approximately 12% and 16% in January and August 2023, respectively.
  • Federal net operating loss carryforwards decreased from $285 million to $336 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=1816431&owner=exclude

Click here to download the PDF

This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.