Risk Factors Update Summary
- Failure to maintain Nasdaq listing requirements could negatively impact stock price and capital access.
- Net losses increased from $86.3 million in 2022 to $93.0 million in 2023.
- U.S. federal and state NOLs increased from $119 million to $148 million and $122 million to $151.8 million, respectively.
- Accumulated deficit rose from $219 million to $305 million, impacting financial condition.
- Holders of Class B common stock now hold 40.0% of the voting power.
- Reduction in force impacted 12% of full-time employees, aiming to realign expenses.
- Various new data privacy acts could impose significant compliance costs and affect reputation.
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=1726445&owner=exclude
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