Risk Factors Update Summary
- Data privacy and security concerns could lead to regulatory scrutiny, public relations problems, and lawsuits.
- The Company incurred net losses of $79.4 million in 2023, compared to $66.6 million in 2022.
- The Company recorded a $46.3 million impairment charge related to goodwill in 2023.
- The Company's accumulated deficit was $1.4 billion as of December 31, 2023.
- The Company's U.S. federal and state net operating loss carryforwards were estimated to be $559.8 million and $1.5 billion, respectively, as of December 31, 2023.
- The Company expects the Restructuring Plan to be substantially complete in 2024.
- The Company may face a proxy contest with activist stockholders in 2024 or future years.
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=1158172&owner=exclude
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