Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Revenue decreased from $112 million to $45 million, with a net loss of $7 million turning into net income of $23 million.
  • Total stockholders' equity increased from $41 million to $65 million.
  • Acquired BLL in 2023, seeking strategic acquisitions, which could impact future operating results.
  • Inflation levels increased to a 40-year high before retreating, impacting operations.
  • Goodwill and net intangible assets decreased from $19 million to $17 million.
  • Net property and equipment assets decreased from $8.3 million to $5.9 million.
  • Impairment loss of $3.4 million in 2021, with no impairment loss in 2022 and 2023.

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=707388&owner=exclude

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