−Removed: In addition to the risk factors set forth below and the other information set forth in this Form 10-Q, you should carefully consider the factors discussed in Part I, “Item 1A.
+Added: In addition to the risk factors set forth in this Form 10-Q, you should carefully consider the factors discussed in Part I, “Item 1A.
Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, which could materially affect our business, financial condition, liquidity or future results.
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Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may materially adversely affect our business, financial condition, liquidity or future results.
−Removed: federal government shutdown or lapse in appropriations could adversely affect our business and results of operations.
−Removed: A portion of our revenues are derived, directly or indirectly, from contracts, grants, and programs funded by the U.S.
−Removed: federal government.
−Removed: Any shutdown or lapse in federal appropriations could delay the issuance of new contracts or slow the timing of payments on contracts already awarded.
−Removed: In addition, many of our customers depend on federal funding or incentive programs to support their purchases of our products.
−Removed: Any interruption, reduction, or delay in such funding could cause customers to postpone or cancel orders, which could adversely affect our revenues, cash flows, and financial condition.
−Removed: Prolonged shutdowns or uncertainty regarding future appropriations could also affect the timing of contract awards and have a material adverse effect on our business outlook.
−Removed: A significant portion of our sales are also made to state, local, and municipal agencies whose projects are supported by federal funding.
−Removed: A delay or reduction in the flow of federal funds to these agencies, whether as a result of a shutdown, budget impasse, or change in federal spending priorities, could limit their ability to initiate or complete projects involving our products.
−Removed: Any such disruption in the availability or timing of federal funding could adversely impact our results of operations and future growth.
Unregistered Sales of Equity Securities and Use of Proceeds
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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.