Risk Factors Update Summary
- Revenue decreased by 3.8% from $960.5 million in 2022 to $924.4 million in 2023.
- Revenue derived from work in the Philippines decreased from 53% to 55%.
- Payroll costs decreased from $672 million to $624 million, accounting for 70% of revenue.
- Employee costs in India qualify for a 30% tax deduction under Sec 80JJAA.
- The company's debt increased with a $270.0 million term loan and a $190.0 million credit facility.
- The company's founders beneficially owned approximately 96% of the combined voting power.
- The company's Class A common stock had approximately 2,470,000 shares outstanding in 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=1829864&owner=exclude
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