Risk Factors Update Summary
- The accumulated deficit increased from $1.1 billion to $1.3 billion as of December 31, 2023.
- Net losses of $549.0 million and negative cash flows continued since inception.
- Cybersecurity incidents related to AI applications analyzing personal data could harm reputation.
- The company remitted $2.7 million in July 2023 and reduced a liability initially recorded.
- The company exited the reproductive and women's health testing business in Q1 2023.
- The company may seek to grow its business, potentially leading to errors in employee communication.
- The company may amend the terms of public warrants based on the last reported sales price.
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=1818331&owner=exclude
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