Risk Factors Update Summary
- Revenue increased significantly from $244 million in 2018 to $685 million in 2023.
- Headcount increased from 1,246 employees to 2,623 employees from 2018 to 2023.
- The company incurred an impairment loss of $3.6 million in 2023 due to closing certain office spaces.
- Net losses decreased from $149.3 million in 2018 to $98.8 million in 2020.
- The company reduced its workforce by approximately 16% as part of the Restructuring Plan.
- Revenue from sales through channel partners increased from 52% in 2020 to 62% in 2023.
- Revenue from operations outside North America increased from 17% in 2020 to 22% in 2023.
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=1560327&owner=exclude
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