16 unchanged sentences
If these third-party manufacturers experience any delay, disruption, or quality control problems in their operations, including due to the COVID-19 pandemic, we could lose market share and our brand may suffer.
+Added: • If disruptions in our transportation network occur or our shipping costs substantially increase, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
+Added: • If we lose the services of key personnel, we may not be able to execute our business strategy effectively.
• We expect our results of operations to fluctuate on a quarterly and annual basis, which could cause our stock price to fluctuate or decline.
• If we fail to continue to introduce or acquire new products or services that achieve broad market acceptance on a timely basis, or if our products or services are not adopted as expected, we will not be able to compete effectively and we will be unable to increase or maintain revenue and gross margin.
−Removed: • If we lose the services of key personnel, we may not be able to execute our business strategy effectively.
• We may need additional financing to meet our future long-term capital requirements and may be unable to raise sufficient capital on favorable terms or at all.
5 unchanged sentences
• Our future success depends on our ability to increase sales of our paid subscription services.
−Removed: • If disruptions in our transportation network occur or our shipping costs substantially increase, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
• Interruptions with the cloud-based systems that we use in our operations provided by an affiliate of Amazon.com, Inc.
24 unchanged sentences
Also, as a result of the COVID-19 pandemic, our supply chain partners are limited by production capacity, constrained by material availability, labor shortages, factory uptime and freight capacity, each of which constrains our ability to capitalize fully on end market demand.
−Removed: As of June 27, 2021, international freight capacity has dropped, causing air and ocean freight rates to materially increase.
+Added: As of October 3, 2021, international freight capacity has dropped, causing air and ocean freight rates to materially increase.
Furthermore, transit times have also increased, causing us to rely more on air freight in order to meet our customers' demands.
−Removed: For the three and six months ended June 27, 2021, we saw an 89% increase in freight-in expense compared to the prior year periods, respectively, as a result of the higher sea and air freight rates and component shortages which necessitated use of air freight to meet customer requested delivery dates.
+Added: For the three and nine months ended October 3, 2021, we saw a 244% and 134% increase in freight-in expense compared to the prior year periods, respectively, as a result of the higher sea and air freight rates and component shortages which necessitated use of air freight to meet customer requested delivery dates.
We expect supply chain constraints to exist through 2021 and potentially beyond.
22 unchanged sentences
Some of our components have long lead times, such as wireless local area network chipsets, physical layer transceivers, connector jacks, and metal and plastic enclosures.
−Removed: If our forecasts are not timely provided or are less than our actual requirements, our third-party manufacturers may be unable to manufacture products in a timely manner.
−Removed: If our forecasts are
−Removed: too high, our third-party manufacturers will be unable to use the components they have purchased on our behalf.
+Added: If our forecasts are not timely provided or are less than our actual
+Added: requirements, our third-party manufacturers may be unable to manufacture products in a timely manner.
+Added: If our forecasts are too high, our third-party manufacturers will be unable to use the components they have purchased on our behalf.
The cost of the components used in our products tends to drop rapidly as volumes increase and the technologies mature.
46 unchanged sentences
If we are unable to properly manage these risks, our products may be more susceptible to defects, and our business, results of operations, and financial condition could be materially adversely affected.
+Added: If disruptions in our transportation network occur or our shipping costs substantially increase, including due to the COVID-19 pandemic, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
+Added: We are highly dependent upon the transportation systems we use to ship our products, including surface, ocean and air freight.
+Added: Our attempts to closely match our inventory levels to our product demand intensify the need for our transportation systems to function effectively and without delay.
+Added: On a quarterly basis, our shipping volume also tends to steadily increase as the quarter progresses, which means that any disruption in our transportation network in the latter half of a quarter will likely have a more material effect on our business than a disruption at the beginning of a quarter.
+Added: The transportation network is subject to disruption or congestion from a variety of causes, including labor disputes or port strikes, acts of war or terrorism, natural disasters, and congestion resulting from higher shipping volumes.
+Added: Labor disputes among freight carriers and at ports of entry are common, particularly in Europe, and we expect labor unrest and its effects on shipping our products to be a continuing challenge for us.
+Added: A port worker strike, work slow-down, or other
+Added: transportation disruption in Long Beach, California, where we import our products to fulfill our American orders, could significantly disrupt our business.
+Added: Our international freight is regularly subject to inspection by governmental entities.
+Added: As a result of the COVID-19 pandemic, international freight capacity has dropped, causing air and ocean freight rates to materially increase.
+Added: Transit times have also increased.
+Added: If our delivery times increase unexpectedly for these or any other reasons, our ability to deliver products on time would be materially adversely affected and result in delayed or lost revenue as well as customer imposed penalties.
+Added: In addition, if increases in fuel prices occur, our transportation costs would likely increase.
+Added: Moreover, the cost of shipping our products by air freight is greater than by other methods.
+Added: From time to time in the past, we have shipped products using extensive air freight to meet unexpected spikes in demand and shifts in demand between product categories, to bring new product introductions to market quickly and to timely ship products previously ordered.
+Added: If we continue to rely more heavily upon air freight to deliver our products, our overall shipping costs will increase.
+Added: A prolonged transportation disruption or a significant increase in the cost of freight could materially adversely affect our business, results of operations, and financial condition.
+Added: If we lose the services of key personnel, we may not be able to execute our business strategy effectively.
+Added: Our future success depends in large part upon the continued services of our key technical, engineering, sales, marketing, finance, and senior management personnel.
+Added: The competition for qualified personnel with significant experience in the design, development, manufacturing, marketing, and sales in the markets in which we operate is intense, both where our U.S.
+Added: operations are based, including Silicon Valley, and in global markets in which we operate.
+Added: Our inability to attract qualified personnel, including hardware and software engineers and sales and marketing personnel, could delay the development and introduction of, and harm our ability to sell, our products and services.
+Added: Decreases in our stock price may negatively affect our efforts to attract and retain qualified personnel.
+Added: Changes to U.S.
+Added: immigration policies that restrict our ability to attract and retain technical personnel may negatively affect our research and development efforts.
+Added: We will continue to replace key personnel, from within or looking outside, wherever we find the best candidates.
+Added: We do not maintain any key person life insurance policies.
+Added: Our business model requires extremely skilled and experienced senior management who are able to withstand the rigorous requirements and expectations of our business.
+Added: Our success depends on senior management being able to execute at a very high level.
+Added: The loss of any of our senior management or other key engineering, research, development, sales, or marketing personnel, particularly if lost to competitors, could harm our ability to implement our business strategy and respond to the rapidly changing needs of our business.
+Added: If we suffer the loss of services of any key executive or key personnel, our business, results of operations, and financial condition could be materially adversely affected.
+Added: In addition, we may not be able to have the proper personnel in place to effectively execute our long-term business strategy if key personnel retire, resign or are otherwise terminated.
We expect our results of operations to fluctuate on a quarterly and annual basis, which could cause our stock price to fluctuate or decline.
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In order to differentiate our products and services from our competitors’ products, we must continue to increase our focus and capital investment in research and development, including software development.
−Removed: We have committed a substantial amount of resources to the manufacture, development and sale of our Arlo Smart services and our wire-free
−Removed: smart Wi-Fi cameras, advanced baby monitors, and smart lights, and to introducing additional and improved models in these lines.
+Added: We have committed a substantial amount of resources to the manufacture, development and sale of our Arlo Secure services and our wire-free smart Wi-Fi cameras, advanced baby monitors, and smart lights, and to introducing additional and improved models in
In addition, we plan to continue to introduce new categories of smart connected devices to the Arlo platform in the near future.
−Removed: If our existing products and services do not continue, or if our new products or services fail, to achieve widespread market acceptance, if existing customers do not subscribe to our paid subscription services such as Arlo Smart, if those services do not achieve widespread market acceptance, or if we are unsuccessful in capitalizing on opportunities in the connected lifestyle market, as well as in the related market in the small business segment, our future growth may be slowed and our business, results of operations, and financial condition could be materially adversely affected.
+Added: If our existing products and services do not continue, or if our new products or services fail, to achieve widespread market acceptance, if existing customers do not subscribe to our paid subscription services such as Arlo Secure, if those services do not achieve widespread market acceptance, or if we are unsuccessful in capitalizing on opportunities in the connected lifestyle market, as well as in the related market in the small business segment, our future growth may be slowed and our business, results of operations, and financial condition could be materially adversely affected.
Successfully predicting demand trends is difficult, and it is very difficult to predict the effect that introducing a new product or service will have on existing product or service sales.
14 unchanged sentences
• increased levels of product returns.
−Removed: Throughout the past few years, Arlo has significantly increased the rate of new product and service introductions, with the introduction of new lines of Arlo cameras, smart lights, and doorbell products, as well as the introduction of our Arlo Smart services.
+Added: Throughout the past few years, Arlo has significantly increased the rate of new product and service introductions, with the introduction of new lines of Arlo cameras, smart lights, and doorbell products, as well as the introduction of our Arlo Secure services.
If we cannot sustain that pace of product and service introductions, either through rapid innovation or acquisition of new products and services or product and service lines, we may not be able to maintain or increase the market share of our products and services or expand further into the connected lifestyle market in accordance with our current plans.
In addition, if we are unable to successfully introduce or acquire new products and services with higher gross margin, our revenue and overall gross margin would likely decline.
−Removed: If we lose the services of key personnel, we may not be able to execute our business strategy effectively.
−Removed: Our future success depends in large part upon the continued services of our key technical, engineering, sales, marketing, finance, and senior management personnel.
−Removed: The competition for qualified personnel with significant experience in the design, development, manufacturing, marketing, and sales in the markets in which we operate is intense, both where
−Removed: operations are based, including Silicon Valley, and in global markets in which we operate.
−Removed: Our inability to attract qualified personnel, including hardware and software engineers and sales and marketing personnel, could delay the development and introduction of, and harm our ability to sell, our products and services.
−Removed: Decreases in our stock price may negatively affect our efforts to attract and retain qualified personnel.
−Removed: Changes to U.S.
−Removed: immigration policies that restrict our ability to attract and retain technical personnel may negatively affect our research and development efforts.
−Removed: We will continue to replace key personnel, from within or looking outside, wherever we find the best candidates.
−Removed: We do not maintain any key person life insurance policies.
−Removed: Our business model requires extremely skilled and experienced senior management who are able to withstand the rigorous requirements and expectations of our business.
−Removed: Our success depends on senior management being able to execute at a very high level.
−Removed: The loss of any of our senior management or other key engineering, research, development, sales, or marketing personnel, particularly if lost to competitors, could harm our ability to implement our business strategy and respond to the rapidly changing needs of our business.
−Removed: If we suffer the loss of services of any key executive or key personnel, our business, results of operations, and financial condition could be materially adversely affected.
−Removed: In addition, we may not be able to have the proper personnel in place to effectively execute our long-term business strategy if key personnel retire, resign or are otherwise terminated.
*We may need additional financing to meet our future long-term capital requirements and may be unable to raise sufficient capital on favorable terms or at all.
−Removed: We have recorded a net loss of $23.3 million and $34.0 million for the three and six months ended June 27, 2021, respectively, and we have a history of losses and may continue to incur operating and net losses for the foreseeable future.
−Removed: As of June 27, 2021, our accumulated deficit was $266.8 million.
−Removed: As of June 27, 2021, our cash and cash equivalents and short-term investments totaled $178.7 million.
−Removed: In November 2019, we entered into a business financing agreement with Western Alliance Bank providing for a credit facility to up to $40.0 million and as of June 27, 2021, we have not borrowed against this credit facility.
+Added: We have recorded a net loss of $15.2 million and $49.2 million for the three and nine months ended October 3, 2021, respectively, and we have a history of losses and may continue to incur operating and net losses for the foreseeable future.
+Added: As of October 3, 2021, our accumulated deficit was $282.0 million.
+Added: As of October 3, 2021, our cash and cash equivalents and short-term investments totaled $166.1 million.
+Added: In November 2019, we entered into a business financing agreement with Western Alliance Bank providing for a credit facility to up to $40.0 million and as of October 3, 2021, we have not borrowed against this credit facility.
Refer to Note 8.
13 unchanged sentences
These competitors may, among other things, undertake more extensive marketing campaigns, adopt more aggressive pricing policies, obtain more favorable pricing from suppliers and manufacturers, and exert more influence on sales channels than we can.
−Removed: In addition, certain competitors may have different business models, such as integrated manufacturing capabilities, that may allow them to achieve cost savings and to
−Removed: compete on the basis of price.
+Added: In addition, certain competitors may have different business models, such as integrated manufacturing capabilities, that may allow them to achieve cost savings and to compete on the basis of price.
Other competitors may have fewer resources, but may be more nimble in developing new or disruptive technology or in entering new markets.
9 unchanged sentences
Our competitors may also acquire other companies in the market and leverage combined resources to gain market share.
−Removed: If any of these companies are successful in competing against us, our sales could decline, our margins could be negatively impacted, and we could lose market share, any of which could seriously harm our business, financial condition, and results of operations.
+Added: If any of these companies are successful in competing against us, our sales could decline, our margins could be
+Added: negatively impacted, and we could lose market share, any of which could seriously harm our business, financial condition, and results of operations.
*We entered into an asset purchase agreement (the “Asset Purchase Agreement”) and supply agreement (the “Supply Agreement”) with Verisure Sàrl (“Verisure”) that will give Verisure exclusive marketing and distribution rights for our products in Europe as well as the ability to sell our products through their direct channel globally.
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Information security risks have significantly increased in recent years in part due to the proliferation of new technologies and the increased sophistication and activities of organized crime, hackers, terrorists and other external parties, including foreign private parties and state actors.
−Removed: Our products and services may contain unknown security
−Removed: vulnerabilities.
+Added: Our products and services may contain unknown security vulnerabilities.
For example, the firmware, software, and open source software that we or our manufacturing partners have installed on our products may be susceptible to hacking, unauthorized manipulation, or misuse.
−Removed: In addition, we offer a comprehensive online cloud management service, Arlo Smart, paired with our end products, including our cameras, baby monitors, and smart lights and we recently launched our direct to consumer store to sell our products directly to our customers.
+Added: In addition, we offer a comprehensive online cloud management service, Arlo Secure, paired with our end products, including our cameras, baby monitors, and smart lights and we recently launched our direct to consumer store to sell our products directly to our customers.
If malicious actors compromise this cloud service or our direct to consumer store, or if customer confidential information is accessed without authorization, our business will be harmed.
4 unchanged sentences
Maintaining the security of our computer information systems and communication systems is a critical issue for us and our customers and we devote considerable internal and external resources to network security, data encryption, and other security measures to protect our systems, customers, and users, but these security measures cannot provide absolute security.
−Removed: The multitude and complexity of our computer systems may make them vulnerable to service interruption or destruction, breaches of security, disruption of data integrity, inadvertent errors that expose our data or systems, malicious intrusion, or random attacks.
+Added: The multitude and complexity of our computer systems may make them vulnerable to service interruption or destruction, breaches of security, disruption of data integrity, inadvertent errors that expose our data or systems, malicious
+Added: intrusion, or random attacks.
Likewise, data privacy or security incidents or intentional or non-malicious breaches by employees or others may pose a risk that sensitive data, including our intellectual property, trade secrets or personal information of our employees, customers or users, or other business partners may be exposed to unauthorized persons or to the public, or that risk of loss or misuse of this information could occur, resulting in litigation and potential liability for us, damage our brand and reputation, or otherwise materially adversely affect our business, results of operations, and financial condition.
17 unchanged sentences
Our future success is largely dependent on increasing sales of our paid subscription services.
−Removed: Even if we are successful in selling our smart connected devices and accessories, if we are unable to maintain or increase sales of Arlo Smart services, our revenue and overall gross margin would likely decline.
−Removed: If disruptions in our transportation network occur or our shipping costs substantially increase, including due to the COVID-19 pandemic, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
−Removed: We are highly dependent upon the transportation systems we use to ship our products, including surface, ocean and air freight.
−Removed: Our attempts to closely match our inventory levels to our product demand intensify the need for our transportation systems to function effectively and without delay.
−Removed: On a quarterly basis, our shipping volume also tends to steadily increase as the quarter progresses, which means that any disruption in our transportation network in the latter half of a quarter will likely have a more material effect on our business than a disruption at the beginning of a quarter.
−Removed: The transportation network is subject to disruption or congestion from a variety of causes, including labor disputes or port strikes, acts of war or terrorism, natural disasters, and congestion resulting from higher shipping volumes.
−Removed: Labor disputes among freight carriers and at ports of entry are common, particularly in Europe, and we expect labor unrest and its effects on shipping our products to be a continuing challenge for us.
−Removed: A port worker strike, work slow-down, or other transportation disruption in Long Beach, California, where we import our products to fulfill our Americas orders, could significantly disrupt our business.
−Removed: Our international freight is regularly subjected to inspection by governmental entities.
−Removed: As a result of the COVID-19 pandemic, international freight capacity has dropped, causing air and ocean freight rates to materially increase.
−Removed: Transit times have also increased.
−Removed: If our delivery times increase unexpectedly for these or any other reasons, our ability to deliver products on time would be materially adversely affected and result in delayed or lost revenue as well as customer imposed penalties.
−Removed: In addition, if increases in fuel prices occur, our transportation costs would likely increase.
−Removed: Moreover, the cost of shipping our products by air freight is greater than other methods.
−Removed: From time to time in the past, we have shipped products using extensive air freight to meet unexpected spikes in demand and shifts in demand between product categories, to bring new product introductions to market quickly and to timely ship products previously ordered.
−Removed: If we rely more heavily upon air freight to deliver our products, our overall shipping costs will increase.
−Removed: A prolonged transportation disruption or a significant increase in the cost of freight could materially adversely affect our business, results of operations, and financial condition.
+Added: Even if we are successful in selling our smart connected devices and accessories, if we are unable to maintain or increase sales of Arlo Secure services, our revenue and overall gross margin would likely decline.
Interruptions with the cloud-based systems that we use in our operations provided by an affiliate of Amazon.com, Inc.
4 unchanged sentences
Although we have disaster recovery plans that utilize multiple AWS locations, any incident affecting their infrastructure that may be caused by human error, fire, flood, severe storm, earthquake, or other natural disasters, cyber-attacks, terrorist or other attacks, and other similar events beyond our control could negatively affect our platform.
−Removed: A prolonged AWS service disruption affecting our platform for any of the foregoing reasons would negatively impact our ability to serve our end-users and could damage our reputation with current and potential end-users, expose us to liability, cause us to lose customers, or otherwise harm our business.
+Added: A prolonged AWS service disruption affecting our platform for any of the foregoing reasons would negatively impact our ability to serve our end-users and could damage our reputation with current and potential end-users, expose us to liability,
+Added: cause us to lose customers, or otherwise harm our business.
We may also incur significant costs for using alternative equipment or taking other actions in preparation for, or in reaction to, events that damage the AWS services we use.
21 unchanged sentences
If that happens, affected end-users or others may file actions against us alleging product liability, tort, or breach of warranty claims.
−Removed: *We rely on a limited number of traditional and online retailers and wholesale distributors for a substantial portion of our sales, and our revenue could decline if they refuse to pay our requested prices or reduce their level of purchases or if there is significant consolidation in our sales channels, which results in fewer sales channels for our products.
+Added: *We rely on a limited number of traditional and online retailers and wholesale distributors for a substantial portion of our sales, and our revenue could decline if they refuse to pay our requested prices or reduce their level of
+Added: purchases or if there is significant consolidation in our sales channels, which results in fewer sales channels for our products.
We sell a substantial portion of our products through traditional and online retailers, including Amazon, Best Buy Co., Inc.
("Best Buy"), and Costco Wholesale Corporation (“Costco”) and Verisure and their respective affiliates.
−Removed: For the three and six months ended June 27, 2021, we derived 12.2% and 10.4% of our revenue from Amazon and its affiliates, 18.5% and 14.6% of our revenue from Best Buy and its affiliates, and 25.5% and 27.4% of our revenue from Verisure and its affiliates, respectively.
+Added: For the three and nine months ended October 3, 2021, we derived 15.8% and 15.1% of our revenue from Best Buy and its affiliates and 27.8% and 27.6% of our revenue from Verisure and its affiliates, respectively.
In addition, we sell to wholesale distributors, including Ingram Micro, Inc., D&H Distributing Company, and Synnex Corporation.
24 unchanged sentences
The loss of recurring orders from any of our more significant retailers, distributors, and other channel partners could cause our revenue and profitability to suffer.
−Removed: Our ability to attract new retailers, distributors, and other channel
−Removed: partners will depend on a variety of factors, including the cost-effectiveness, reliability, scalability, breadth, and depth of our products.
+Added: Our ability to attract new retailers, distributors, and other channel partners will depend on a variety of factors, including the cost-effectiveness, reliability, scalability, breadth, and depth of our products.
In addition, a change in the mix of our retailers, distributors, and other channel partners, or a change in the mix of direct and indirect sales, could adversely affect our revenue and gross margin.
3 unchanged sentences
• our channel partner agreements generally are not exclusive.
−Removed: Further, our revenue may be impacted by significant one-time purchases that are not contemplated to be repeatable.
+Added: Further, our revenue may be impacted by significant one-time purchases that are not intended to be repeatable.
While such purchases are reflected in our financial statements, we do not rely on and do not forecast for continued significant one-time purchases.
11 unchanged sentences
The reputation of our services may be damaged, and we may face significant direct or indirect costs, decreased revenue, and operating margins if our services contain significant defects or fail to perform as intended.
−Removed: Our services, including our intelligent cloud and App platform and our Arlo Smart services, are complex, and may not always perform as intended due to outages of our systems or defects affecting our services.
+Added: Our services, including our intelligent cloud and App platform and our Arlo Secure services, are complex, and may not always perform as intended due to outages of our systems or defects affecting our services.
Systems outages could be disruptive to our business and damage the reputation of our services and result in potential loss of revenue.
Significant defects affecting our services may be found following the introduction of new software or enhancements to existing software or in software implementations in varied information technology environments.
−Removed: Internal quality assurance testing and end-user testing may reveal service performance issues or desirable feature enhancements that could lead us to reallocate service development resources or postpone the release of new versions of our software.
−Removed: The reallocation of resources or any postponement could cause delays in the development and release of future enhancements to
−Removed: our currently available software, damage the reputation of our services in the marketplace, and result in potential loss of revenue.
+Added: Internal quality assurance testing and end-user testing may reveal service performance issues or desirable feature enhancements that
+Added: could lead us to reallocate service development resources or postpone the release of new versions of our software.
+Added: The reallocation of resources or any postponement could cause delays in the development and release of future enhancements to our currently available software, damage the reputation of our services in the marketplace, and result in potential loss of revenue.
Although we attempt to resolve all errors that we believe would be considered serious by our partners and customers, the software powering our services is not error-free.
109 unchanged sentences
For example, Amazon, one of our primary retailers, produces the Amazon Cloud Cam, which competes with our security camera products, and also recently acquired two of our competitors, Blink and Ring.
−Removed: For the three and six months ended June 27, 2021, we derived 12.2% and 10.4% of our revenue from Amazon and its affiliates.
+Added: For the three and nine months ended October 3, 2021, we derived 6.1% and 8.8% of our revenue from Amazon and its affiliates.
We must also continuously monitor and evaluate emerging sales channels.
22 unchanged sentences
Moreover, if a competitor or potential competitor enters into an exclusive arrangement with any of our key third-party technology providers, or if any of these providers unilaterally decides not to do business with us for any reason, our ability to develop and sell products containing that technology would be severely limited.
−Removed: In addition, certain of Arlo’s firmware and the AI-based algorithms that we use in our Arlo Smart services incorporate open source software, the licenses for which may include customary requirements for, and restrictions on, use of the open source software.
+Added: In addition, certain of Arlo’s firmware and the AI-based algorithms that we use in our Arlo Secure services incorporate open source software, the licenses for which may include customary requirements for, and restrictions on, use of the open source software.
If we are offering products or services that contain third-party technology that we subsequently lose the right to license, then we will not be able to continue to offer or support those products or services.
12 unchanged sentences
International sales comprise a significant amount of our overall revenue.
−Removed: International sales were 32.5% and 25.2% of overall revenue for the three months ended June 27, 2021 and June 28, 2020, respectively, and 35.9% and 25.7% of overall revenue for the six months ended June 27, 2021 and June 28, 2020, respectively.
+Added: International sales were 35.0% and 32.9% of overall revenue for the three months ended October 3, 2021 and September 27, 2020, respectively, and 35.6% and 28.9% of overall revenue for the nine months ended October 3, 2021 and September 27, 2020, respectively.
We continue to be committed to growing our international sales, and while we have committed resources to expanding our international operations and sales channels, these efforts may not be successful and could be impacted by COVID-19 pandemic.
61 unchanged sentences
federal and state research and development tax credits were approximately $3.7 million and approximately $2.6 million, respectively.
−Removed: The utilization of our net operating loss and tax credit carryforwards may be subject to annual limitation due to ownership changes as provided by the Internal Revenue Code Sections 382 and 383 and similar state provisions.
+Added: The utilization of our net operating loss and tax credit carryforwards may be subject to annual limitation due to ownership changes as provided by Sections 382 and 383 of the Code and similar state provisions.
Such an annual limitation could result in the expiration of portions of our net operating loss and tax credit carryforwards before utilization.
141 unchanged sentences
On December 31, 2018, NETGEAR completed the Distribution to its stockholders of the 62,500,000 shares of Arlo common stock that it owned.
−Removed: As of June 27, 2021, we have 82,916,535 shares of common stock outstanding.
+Added: As of October 3, 2021, we have 84,266,833 shares of common stock outstanding.
In the future, we may issue our securities in connection with investments or acquisitions.
124 unchanged sentences
S-1/A 7/23/2018 4.1
−Removed: Sublease, by and between Vocera Communications, Inc.
−Removed: and Arlo Technologies, Inc.
−Removed: dated as of May 25, 2021
+Added: Arlo Technologies, Inc.
+Added: 2018 Equity Incentive Plan, as amended
+Added: 8-K 8/3/2021 10.1
+Added: Performance Stock Unit Award under 2018 Equity Incentive Plan to Matthew McRae, dated September 9, 2021
Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
21 unchanged sentences
(Principal Financial and Accounting Officer)
−Removed: August 5, 2021
+Added: November 10, 2021
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.