Risk Factors Update Summary
- Failure to penetrate new markets could impact financial condition and prospects significantly.
- Sales to three largest customers increased from 40% to 41% and 38% to 13%.
- Charges related to termination of customer contracts may impact profitability in the short term.
- A termination of a family safety contract may shift revenue concentration to two largest customers.
- Elevated expenses from operating the acquired platform may continue until fully discontinued in 2024.
- A loss of a U.S. Tier 1 customer led to net losses in 2021 and 2022.
- Retirement of 2022 Convertible Notes may limit financing options and affect cash flows.
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=948708&owner=exclude
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