Risk Factors Update Summary
- Managed service revenue from DHS contracts increased from 39% to 45%.
- Costs of inputs for network maintenance increased significantly, impacting profitability.
- Acquisition of IT Authorities, Inc. presents significant challenges and risks.
- Failure to meet financial covenants could limit debt access and lead to immediate repayment.
- Credit facility agreement requires maintaining financial covenants measured annually, not quarterly.
- Inability to renew credit facility could impact business operations and results.
- Expansion into international markets may not yield desired revenue levels or profitability.
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=1034760&owner=exclude
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