Risk Factors Update Summary
- Net loss increased from $238 million to $259 million, potentially impacting future profitability.
- Non-cash impairment charges rose from $102 million to $268 million, affecting goodwill.
- Strategic decision to convert clients to SaaS solutions may lead to higher client churn.
- Expenses may increase due to additional investments in SaaS segment and product development.
- Goodwill decreased from $566 million to $302 million, impacting financial condition.
- Accelerated conversion to SaaS solutions could reduce revenue from Marketing Services segments.
- Work from home policy implemented indefinitely may impact business operations and financial results.
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=1556739&owner=exclude
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