1 unchanged sentence
Risk Factors”
−Removed: in our Annual Report on Form 10-K for the year ended December 31, 2021.
+Added: in our Annual Report on Form 10-K for the year ended December 31, 2021, as amended and supplemented by the information in “Part II, Item 1A.
+Added: Risk Factors”
+Added: in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022.
In addition to the other information set forth in this report, you should carefully consider the factors discussed in the section captioned “Part I, Item 1A.
Risk Factors”
−Removed: in our Annual Report on Form 10-K for the year ended December 31, 2021, which could materially affect our business, financial condition, or future results.
−Removed: The risks described in our Annual Report on Form 10-K are not the only risks we face.
+Added: in our Annual Report on Form 10-K for the year ended December 31, 2021 and in “Part II, Item 1A.
+Added: Risk Factors”
+Added: in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, which could materially affect our business, financial condition, or future results.
+Added: The risks described in our Annual Report on Form 10-K and such subsequently filed Quarterly Report on Form 10-Q, are not the only risks we face.
Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition, and/or operating results.
Inflation could adversely affect our business, financial condition or results of operations.
−Removed: Inflation has the potential to adversely affect our business, financial condition and results of operations by increasing our overall costs.
+Added: Inflation has the potential to adversely affect our business, financial condition and results of operations by increasing our overall costs and increasing the risk that patients will curtail normal levels of elective orthopedic procedures due to pressure on the overall global economy.
The existence of inflation in the economy has resulted in, and may continue to result in, higher shipping costs, supply shortages, increased costs of labor and other similar effects.
1 unchanged sentence
Although we may take measures to mitigate the impact of inflation , if these measures are not effective our business, financial condition and results of operations could be adversely affected.
+Added: We rely on a small number of suppliers for certain key raw materials and a small number of suppliers for a number of other materials required for the manufacturing and delivery of our products, and disruption could materially adversely affect our business, financial condition, and results of operations.
+Added: Although we believe that alternative sources for many of these and other components and raw materials that we use in our manufacturing processes are available, we cannot be certain that the supply of key raw and other materials will continue to be available at current levels or will be sufficient to meet our future needs.
+Added: The COVID-19 pandemic has impacted, and is expected to continue to impact, our supply chain as the companies that produce our products, product components or otherwise support our manufacturing processes, the distribution centers where we manage our inventory, or the operations of our logistics and other service providers, including third parties that sterilize and store our products, are, or may be, disrupted, temporarily closed or experience worker shortages for a sustained period of time.
+Added: For example, for the manufacture of bone preserving joint technologies, we engage a single third-party organization as a contract manufacturer.
+Added: Any supply interruption could harm our ability to manufacture our products until a new source of supply is identified and qualified.
+Added: We may not be able to find sufficient alternative suppliers in a reasonable time-period, or on commercially reasonable terms, if at all, and our ability to produce and supply our products and our ability to generate revenue could be impaired.
+Added: Our global supply chain has been and is expected to continue to be materially adversely impacted due to the COVID-19 pandemic and faces new and ongoing challenges related to supply constraints.
+Added: We rely upon the facilities of our global suppliers to support our business.
+Added: As a result of COVID-19 and the measures designed to contain its spread, certain of our suppliers have not had the materials, capacity, or capability to supply our needed materials and other supplies that we require to manufacture our products according to our schedule and specifications.
+Added: It is uncertain to what extent these supply chain challenges will continue as the COVID-19 pandemic continues to evolve.
+Added: In the past several months, variants of COVID-19 surged across the globe, causing further delays in the supply chain.
+Added: Despite our attempts to mitigate the impact on our business, constrained supply conditions are expected to adversely impact the amount of revenue we realize.
+Added: During the first half of 2022, we experienced disruptions in our supply chain and manufacturing capability that impacted our revenue for the period.
+Added: If we are not able to mitigate the impact of these supply shortages, our ability to generate revenue will be significantly impacted.
+Added: Further, logistics issues, including our ability and our supply chain’s ability to quickly ramp up production, and transportation demands may cause delays.
+Added: If our suppliers’
+Added: operations are curtailed, or if our suppliers are not able to deliver materials and supplies to us as scheduled, we may need to seek alternate sources of supply, which may be more expensive or require approval from regulatory agencies which could cause further delays.
+Added: Alternative sources may not be available or may result in delays in shipments to us from our supply chain and subsequently to our customers, each of which would affect our results of operations.
+Added: Even if alternative sources are identified, we may not be able to quickly establish additional or replacement sources for certain components or materials due, in part, to the FDA’s manufacturing requirements.
+Added: If the duration of the production and supply chain disruptions continue for an extended period of time, the impact on our supply chain could have a material adverse effect on our results of operations and cash flows.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.