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(i) movement and/or delay in production schedules due to component shortages, (ii) continued delays to global shipping and receipt of goods and (iii) increased shipping costs which has reduced gross profit margin.
−Removed: In addition, there is presently a global silicon chip supply shortage that could potentially cause disruptions in its supply chain.
−Removed: While the Company’s business has not yet been affected by such disruption, in the event any of the Company’s suppliers experience such supply chain disruption, there is potential that such disruption
−Removed: could ultimately affect our ability to timely obtain and deliver finished goods and products.
+Added: In addition, there is presently a global silicon chip supply shortage that could potentially cause disruptions in our supply chain.
+Added: While the Company’s business has not yet been materially affected by such disruption, in the event any of the Company’s suppliers experience such supply chain disruption, there is potential that such disruption could ultimately affect our ability to timely obtain and deliver finished goods and products.
Furthermore, there is heightened uncertainty surrounding global supply chains, global markets and general global economic uncertainty as a result of the ongoing conflict between Russia and the Ukraine and the continuing COVID-19 pandemic.
−Removed: For additional risk factors pertinent to the Company’s business please refer to the Part I Item 1A of the Company’s 2021 Annual Report on Form 10-K, which is incorporated by reference herein.
+Added: As a result of our operations outside of the U.S., the Company is exposed to exchange rate risk that our operations and profitability may be affected by changes in the exchange rates between currencies.
+Added: There are three types of risk caused by currency volatility:
+Added: transaction exposure, translation exposure, and economic or operating exposure.
+Added: Transaction exposure arises from the effect that exchange rate fluctuations have on a company’s obligations to make or receive payments in a foreign currency, translation exposure arises from the effects of currency fluctuations on a company’s consolidated financial statements and economic exposure is the effect of unexpected currency fluctuations on a company’s future cash flows and market value.
+Added: In general, our reported financial results are affected positively by a weaker U.S.
+Added: Dollar and are affected negatively by a stronger U.S.
+Added: Dollar as compared to the foreign currencies in which we conduct our business.
+Added: For additional risk factors pertinent to the Company’s business please refer to the Part I Item 1A of the Company’s 2021 Annual Report on Form 10-K, which was filed with the SEC on April 13, 2022 and is incorporated by reference herein.
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.