Risk Factors Update Summary
- Marketing expenses decreased from $112.9 million in 2022 to $93.1 million in 2023.
- Product and development costs increased from $52.0 million in 2022 to $96.2 million in 2023.
- Stock repurchase program authorization changed from $71.8 million in 2022 to $100 million in 2023.
- Revenues increased from $773.4 million in 2021 to $874.6 million in 2023.
- Revenue distribution changed from 60% in 2022 to 54% in 2023 for certain customers.
- Allowance for doubtful accounts decreased from $6 million in 2022 to $3 million in 2023.
- Number of shares outstanding increased from 544 million in 2022 to 933 million in 2024.
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=1549346&owner=exclude
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