15 unchanged sentences
December 29, 2024 $ 6.18 $ 6.07
−Removed: October 1, 2023 $ 9.62 $ 9.45
−Removed: July 2, 2023 $ 9.59 $ 9.50
−Removed: April 2, 2023 $ 11.06 $ 10.44
−Removed: January 1, 2023 $ 15.49 $ 10.30
September 27, 2024 $ 7.25 $ 7.06
1 unchanged sentence
March 28, 2024 $ 10.50 $ 10.18
+Added: December 31, 2023 $ 9.49 $ 9.37
+Added: October 1, 2023 $ 9.62 $ 9.45
+Added: July 2, 2023 $ 9.59 $ 9.50
+Added: April 2, 2023 $ 11.06 $ 10.44
As of February 5, 2025, our common stock closing price was $5.19 per share.
3 unchanged sentences
February 3, 2022 February 14, 2022 February 22, 2022 $0.15 $ 1,564,649
−Removed: May 6, 2021 May 17, 2021 May 24, 2021 $0.10 1,034,334
−Removed: August 5, 2021 August 16, 2021 August 23, 2021 $0.12 1,248,183
−Removed: November 3, 2021 November 15, 2021 November 22, 2021 $0.12 1,251,025
−Removed: Total $ 4,567,139
−Removed: February 3, 2022 February 14, 2022 February 22, 2022 $0.15 $ 1,564,649
April 27, 2022 May 17, 2022 May 24, 2022 $0.15 1,572,332
7 unchanged sentences
Total $ 6,507,249
−Removed: On February 7, 2024, the Company’s board of directors declared a cash dividend in the amount of $0.15 per share of common stock to be paid on February 27, 2024 to all shareholders of record as of the close of business on February 20, 2024.
+Added: February 8, 2024 February 20, 2024 February 27, 2024 $0.15 $ 1,639,315
+Added: Total $ 1,639,315
Our ability to pay dividends is restricted under the terms of our credit agreement and may be restricted under other agreements governing our outstanding indebtedness from time to time.
22 unchanged sentences
In December 2022, we issued 254,455 shares of common stock in a private placement for a value of $3.3 million, and a convertible two-year promissory note of $4.4 million with an annual interest rate of 6% that is convertible into common shares at any time after one year at a conversion price of $17.12 per share at the closing of the Horn Solutions acquisition.
+Added: On January 30, 2025, the convertible note was amended to increase the interest rate to 7% and extend the maturity date to December 12, 2025.
The foregoing issuance of securities was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Share Repurchases
−Removed: During 2023, we repurchased 2,085 shares of the Company’s common stock at a cost of $19,019 and a weighted average price of $9.69 upon the vesting of restricted stock to satisfy statutory minimum tax withholding requirements.
During 2024, there were no stock repurchases.
+Added: During 2023, we repurchased 2,085 shares of the Company’s common stock at a cost of $19,019 and a weighted average price of $9.69 upon the vesting of restricted stock to satisfy statutory minimum tax withholding requirements.
Selected Financial Data
2 unchanged sentences
Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated historical financial statements and notes thereto included elsewhere in this Annual Report on Form 10-K.
−Removed: The statement of operations data for the fiscal years ended 2023, 2022, and 2021 and the balance sheet data as of December 31, 2023 and January 1, 2023 set forth below are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The statement of operations data for the fiscal years ended 2020 and 2019 and the balance sheet data as of December 26, 2021, December 27, 2020, and December 29, 2019 set forth below were derived from our audited financial statements not included in this Annual Report on Form 10-K.
+Added: The statement of operations data for the fiscal years ended 2024, 2023, and 2022 and the balance sheet data as of December 29, 2024 and December 31, 2023 set forth below are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
+Added: The statement of operations data for the fiscal years ended 2021 and 2020 and the balance sheet data as of January 1, 2023, December 26, 2021, and December 27, 2020 set forth below were derived from our audited financial statements not included in this Annual Report on Form 10-K.
Fiscal Years Ended
−Removed: 2023 January 1,
2024 December 31,
+Added: 2023 January 1,
2023 December 26,
8 unchanged sentences
Depreciation and amortization $ 7,769 $ 7,774 $ 4,054 $ 3,698 $ 4,861
−Removed: Operating (loss) income $ (7,185) $ 16,283 $ 14,530 $ (1,229) $ 14,886
−Removed: Loss on extinguishment of debt $ — $ — $ — $ — $ 541
+Added: Operating income (loss) $ 1,213 $ (7,185) $ 16,283 $ 14,530 $ (1,229)
Interest expense, net $ (4,921) $ (5,976) $ (1,363) $ (1,433) $ (1,584)
−Removed: (Loss) income from continuing operations before income taxes $ (13,161) $ 14,920 $ 13,097 $ (2,813) $ 12,776
+Added: (Loss) income before income taxes from continuing operations $ (3,708) $ (13,161) $ 14,920 $ 13,097 $ (2,813)
Income tax benefit (expense) from continuing operations $ 370 $ 2,938 $ (3,659) $ (2,639) $ 741
19 unchanged sentences
Fiscal Years Ended
−Removed: 2023 January 1,
2024 December 31,
+Added: 2023 January 1,
2023 December 26,
20 unchanged sentences
(“BMO”), which had a maturity date of July 16, 2024.
−Removed: We define “Adjusted EBITDA” as earnings before interest expense, income taxes, depreciation and amortization expense, impairment losses, transaction fees, and certain non-cash expenses such as share-based compensation expense.
+Added: We define “Adjusted EBITDA” as earnings before interest expense, income taxes, depreciation and amortization expense, impairment losses, costs associated with the evaluation of potential strategic alternatives (“Strategic alternatives review”), transaction fees, software as a service costs, and certain non-cash expenses such as share-based compensation expense.
Omitting interest, taxes and the other items provides a financial measure that facilitates comparisons of our results of operations with those of companies having different capital structures.
13 unchanged sentences
(i) they do not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;
−Removed: (ii) they do not reflect changes in, or cash requirements for, our working capital needs;
+Added: (ii) they do not reflect changes in, or
+Added: cash requirements for, our working capital needs;
(iii) they do not reflect income tax payments we may be required to make;
and (iv) they do not reflect the cash requirements necessary to service interest or principal payments associated with indebtedness.
−Removed: To properly and prudently evaluate our business, we encourage you to review our consolidated financial statements included elsewhere in this Annual Report on Form 10-K and the reconciliation to Adjusted EBITDA and Same Day EBITDA from net income, the most directly comparable financial measure presented in accordance with GAAP, set forth in the following table.
+Added: To properly and prudently evaluate our business, we encourage you to review our consolidated financial statements included elsewhere in this Annual Report on Form 10-K and the reconciliation to Adjusted EBITDA and Same Day EBITDA from net (loss) income, the most directly comparable financial measure presented in accordance with GAAP, set forth in the following table.
All of the items included in the reconciliation from net income to Adjusted EBITDA are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.
2 unchanged sentences
Fiscal Years Ended
−Removed: 2023 January 1,
2024 December 31,
+Added: 2023 January 1,
2023 December 26,
5 unchanged sentences
Interest expense, net 4,921 5,976 1,363 1,433 1,584
−Removed: Loss on extinguishment of debt — — — — 541
−Removed: Operating (loss) income (7,185) 16,283 14,530 (1,229) 14,886
+Added: Operating income (loss) 1,213 (7,185) 16,283 14,530 (1,229)
Depreciation and amortization 7,769 7,774 4,054 3,698 4,861
4 unchanged sentences
Share-based compensation 989 1,029 1,085 1,058 786
+Added: Strategic alternatives review 962 — — — —
+Added: Cost restructuring plan 230 — — — —
+Added: Software as a service (3)
+Added: 716 720 660 319 153
Transaction fees 48 975 271 170 615
5 unchanged sentences
We recognized a $22.5 million trade name impairment loss during the thirteen week period ended April 2, 2023.
+Added: (3) We capitalizes direct costs incurred in cloud computing implementation costs from hosting arrangements, which are reported as a Software as a service and are expensed as incurred in selling, general and administrative expenses.
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.