Risk Factors Update Summary
- Net loss increased significantly from $10 million in 2021 to $83 million in 2023.
- Loss from operations increased from $927 million in 2022 to $1.068 billion in 2023.
- Revenue concentration decreased with the percentage of revenue from fixed fees paid by payors dropping from 24% in 2022 to 22% in 2023.
- Goodwill impairment charges rose from $9.944 million in 2021 to $16.867 million in 2023.
- Number of shares available for future issuance under the 2021 Plan increased from 6,008,329 to 6,634,067.
- Facility Agreement amount increased from $110 million to $140 million with all outstanding as of December 31, 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=1799191&owner=exclude
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