4 unchanged sentences
The fire destroyed a significant amount of Cognex-owned consigned inventories as well as component inventories owned by the contract manufacturer that were designated for Cognex products.
−Removed: Since the date of the fire and continuing through the date of this report, we have worked with the contract manufacturer to assess the damage, resume production, and begin the process of replenishing inventories destroyed by the fire.
+Added: Since the date of the fire and continuing through the date of this report, we have worked with the contract manufacturer to assess the damage, resume production, and replenish inventories destroyed by the fire.
We also have been working to ramp up an additional contract manufacturer to further mitigate risk, diversify supply chain, and expand production capacity.
2 unchanged sentences
Delays in customer orders also would result in delayed revenue recognition which could impact our operating results in a particular quarter.
−Removed: We currently anticipate challenges in meeting certain customer-requested delivery dates for the third quarter of 2022 and potentially thereafter, if our inventory has not been adequately replenished or full production of our products has not otherwise resumed.
We cannot predict the extent to which orders may be delayed or sales may be lost.
−Removed: Moreover, we anticipate challenges in replenishing the inventories destroyed in the fire given current supply chain constraints and volatile market conditions.
−Removed: In addition, our efforts to replenish this inventory may include purchases at higher-than-normal prices to increase speed to production, which would put pressure on our operating margins.
+Added: In addition, our efforts to replenish the inventory lost in the fire may include purchases at higher-than-normal prices to increase speed to production, which would put pressure on our operating margins.
We also can provide no assurance that insurance coverage and/or recoveries from the contract manufacturer will be available to cover our losses from the fire.
1 unchanged sentence
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.