Risk Factors Update Summary
- Significant revenue growth rate decline from 19% to 10% in recent years.
- Potential adverse effects on business due to disruptions in data centers hosting the platform.
- Reduction in net loss from $65.9 million to $93.3 million for fiscal year ended January 31, 2023.
- Change in headcount policy with an overall headcount reduction of approximately 8%.
- Increase in accumulated deficit from $676 million to $679 million as of January 31, 2024.
- Loss of a top five customer leading to revenue attrition and potential decline in quarterly results.
- Expansion of full-time employees from over 450 to approximately 1,200 as of January 31, 2024.
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=1614178&owner=exclude
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