Risk Factors Update Summary
- Customer acquisition costs increased in 2022 and 2023 due to expired orders, impacting expenses.
- Retail revenues from non-POR markets increased from 41% to 45% in 2023.
- Debt decreased from $100 million to $97 million and issued letters of credit decreased from $34 million to $24 million.
- Series A Preferred Stock dividends accrue at 6.578% following the LIBOR replacement.
- The pending merger with Retailco for $11.00 per share is subject to shareholder approval.
- Changes in lead generation laws may impact telemarketing sales channel effectiveness and costs.
- Series A Preferred Stock dividends may be impacted by changes in the Three-Month CME Term SOFR Rate.
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=1606268&owner=exclude
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