Risk Factors Update Summary
- Total backlog increased from $81 million to $120 million as of September 30, 2022 to 2023.
- Number of direct customers increased from two to three, accounting for 32% of consolidated net sales.
- Employee count increased from approximately 348 to 378, impacting competition for management and employees.
- Goodwill decreased from $3.5 million to $3 million, affecting total assets of $97 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=90168&owner=exclude
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