Risk Factors Update Summary
- Net losses decreased significantly from $7.0 million in 2020 to $3.3 million in 2021 and $33.8 million in 2022, with net income of $1.0 million in 2023.
- Revenue generated from sales to international markets increased from 52% in 2022 to 53% in 2023.
- Acquisitions of Prowly, Backlinko, Kompyte, Traffic Think Tank, and a majority stake in Datos occurred.
- Relocation of Russia-based workforce completed by June 30, 2023, with no operating subsidiaries in Russia.
- Changes in laws and regulations related to data protection and privacy, including the CCPA and other state laws, were enacted.
- Efforts to improve internal controls over financial reporting were ongoing, with additional costs expected.
- Dual class structure and concentrated control may limit stockholders' influence on corporate matters.
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.
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