7 unchanged sentences
While the impact of this pandemic has largely subsided, a resurgence of this virus or another could have an impact on our business.
−Removed: Although the Company has remained open throughout the COVID-19 pandemic, complete or partial government shutdowns of many businesses, schools, bars and restaurants have occurred. 
−Removed: The Russian invasion of Ukraine could also adversely affect our business in spite of the immaterial amount of direct business we have done in this region in the past. 
−Removed: We cannot presently predict the scope and severity of any future business shutdowns or disruptions to us, but if we or any of the third parties with whom we engage, including our customers, suppliers and other third parties with whom we conduct business, were to experience extended shutdowns or other business disruptions, our ability to conduct our business could be materially and negatively impacted, and could have a material adverse effect on our business and our results of operation and financial condition.
+Added: Although the Company has remained open throughout the COVID-19 pandemic, complete or partial government shutdowns of many businesses, schools, bars and restaurants have occurred.
+Added: The Russian invasion of Ukraine and the conflict in Israel and Gaza could also adversely affect our business in spite of the immaterial amount of direct business we have done in this region in the past.
+Added: We cannot presently predict the scope and severity of any future business shutdowns or disruptions to us, but if we or any of the third parties with whom we engage, including our customers, suppliers and other third parties, were to experience extended shutdowns or other business disruptions, our ability to conduct our business could be materially and negatively impacted, and could have a material adverse effect on our business and our results of operation and financial condition.
A pandemic, epidemic or outbreak of an infectious disease in the United States or worldwide may adversely affect our business.
−Removed: Our operations expose us to risks associated with pandemics, epidemics or other public health emergencies, such as the recent outbreak of coronavirus disease (COVID-19) which has spread around the world. 
−Removed: Outbreaks such as these have resulted, and can continue to result, in governments around the world implementing increasingly stringent measures to help control the spread, including quarantines, "shelter in place" and "stay at home" orders, travel restrictions, business curtailments, school closures, and other measures. 
−Removed: Government imposed requirements regarding vaccines, testing etc., could negatively impact the Company’s ability to hire or retain certain employees who are important to our business operations.
−Removed: These actions with respect to the COVID-19 outbreak have negatively impacted, and could continue to have negative impacts on, our operations, supply chain, transportation networks, customers and employees. 
−Removed: The COVID-19 outbreak could materially and adversely affect us.
+Added: Our operations expose us to risks associated with pandemics, epidemics or other public health emergencies, such as the outbreak of coronavirus disease (COVID-19) that subsequently spread around the world.
+Added: Outbreaks such as these have resulted, and can continue to result, in governments around the world implementing increasingly stringent measures to help control the spread, including quarantines, "shelter in place" and "stay at home" orders, travel restrictions, business curtailments, school closures, and other measures.
+Added: Government imposed requirements regarding vaccines, testing etc., could negatively impact the Company’s ability to hire or retain certain employees who are important to our business operations.
+Added: These actions with respect to the COVID-19 outbreak have negatively impacted, and could continue to have negative impacts on, our operations, supply chain, transportation networks, customers and employees.
Any continuing economic downturn as a result of this pandemic could adversely affect, demand for our products, and negatively impact our business or results of operations through the temporary closure of our operating locations or those of our customers or suppliers.
−Removed: The extent to which a COVID-19 resurgence may adversely impact our business depends on future developments, which are highly uncertain and unpredictable, including new information concerning the severity of an outbreak and the effectiveness of actions globally to contain or mitigate its effects, including the deployment and efficacy of vaccines. 
−Removed: While we expect this matter to materially and adversely impact our financial results, the current level of uncertainty over the economic and operational impacts of COVID-19 means the related financial impact cannot be reasonably estimated at this time. 
+Added: The extent to which a COVID-19 resurgence may adversely impact our business depends on future developments, which are highly uncertain and unpredictable, including new information concerning the severity of an outbreak and the effectiveness of actions globally to contain or mitigate its effects, including the deployment and efficacy of vaccines.
We have a highly concentrated customer base so that changes in ordering patterns, delays or order cancellations could have a material adverse effect on our business and results of operations.
5 unchanged sentences
Major customers may also seek, and on occasion receive, pricing, payment or other commercial terms that are less favorable to us and can hurt our competitive position.
−Removed: Our lengthy and variable sales cycle  
−Removed: it difficult to predict our financial results.
+Added: Our lengthy and variable sales cycle makes it difficult to predict our financial results.
The sales cycle for our products is often lengthy, ranging from several months to several years.
7 unchanged sentences
We depend on our senior executives and certain key managers as well as engineering, research and development, sales, marketing and manufacturing personnel, who are critical to our business.
−Removed: We do not have long-term employment agreements with our key employees.
+Added: While we have employment agreements with certain executives, none of these agreements would prevent any such person from leaving the Company.
Furthermore, larger competitors may be able to offer more generous compensation packages to our executives and key employees, and therefore we risk losing key personnel to those competitors.
1 unchanged sentence
In particular, we have, from time to time, experienced difficulty in hiring and retaining skilled engineers with appropriate qualifications to support our growth strategy.
−Removed: Our success depends on our ability to identify, hire, train and retain qualified engineering personnel with experience in equipment design.
+Added: Our success depends on our ability to identify, hire, train and retain qualified engineering personnel.
Specifically, we need to continue to attract and retain product development, materials and manufacturing engineers to work with our direct sales force to technically qualify and perform on new sales opportunities and orders, and to demonstrate our products.
1 unchanged sentence
The integration of any new personnel could disrupt our ongoing operations.
−Removed: Acquisitions can result in an increase in our operating costs, divert management ’
−Removed: s attention away from other operational matters and expose us to other associated risks.
−Removed: From time to time, we evaluate potential acquisitions of businesses and technologies, and we consider targeted acquisitions that expand our core competencies to be an important part of our future growth strategy. 
−Removed: We expect that any acquisitions of other businesses will have synergistic products, services and technologies. 
+Added: Acquisitions can result in an increase in our operating costs, divert management ’ s attention away from other operational matters and expose us to other associated risks.
+Added: From time to time, we evaluate potential acquisitions of businesses and technologies, and we consider targeted acquisitions that expand our core competencies to be an important part of our future growth strategy.
+Added: We expect that any acquisitions of other businesses will have synergistic products, services and technologies.
Acquisitions involve numerous risks, which include but are not limited to:
difficulties and increased costs in connection with the integration of the personnel, operations, technologies, services and products of the acquired companies into our existing facilities and operations;
−Removed: diversion of management’s attention from other operational matters;
+Added: diversion of management’s attention from other operational matters;
failure to commercialize the acquired technology;
5 unchanged sentences
The conditions of the markets in which we operate are volatile.
−Removed: The demand for our products and the profitability of our products can change significantly from period to period  
−Removed: as a result of numerous  
+Added: The demand for our products and the profitability of our products can change significantly from period to period as a result of numerous factors.
The industries in which we operate are characterized by ongoing changes, including:
22 unchanged sentences
As a result of budgetary constraints, many of our customers are extremely price sensitive when purchasing our products.
−Removed: Recent inflationary trends could further exacerbate this issue. 
+Added: Recent inflationary trends could further exacerbate this issue.
If we are unable to obtain prices that allow us to continue to compete on the basis of product performance and customer service, our profit margins will be reduced.
3 unchanged sentences
volatility in the availability and cost of materials;
+Added: unforeseen equipment failures resulting in the need to delay or outsource certain production processes;
difficulties or delays in obtaining required import or export approvals;
4 unchanged sentences
The costs of such a move or expansion could be significant to our profitability.
−Removed: Our ability to meet our customer’s needs including the on-time shipment of products, is paramount to our success.
+Added: Our ability to meet our customer’s needs including the on-time shipment of products, is paramount to our success.
Our current facility may not be able to adequately handle future growth and our ability to meet the needs of our customers.
−Removed: This could result in our having to relocate to a new facility which could have a material impact on our profitability. 
+Added: This could result in our having to relocate to a new facility which could have a material impact on our profitability.
We have made investments in our proprietary technologies.
If third parties violate our proprietary rights, or accuse us of infringing upon their proprietary rights, such events could result in a loss of value of some of our intellectual property or costly litigation.
−Removed: Our success is dependent in part on our technologies and our other proprietary rights. 
+Added: Our success is dependent in part on our technologies and our other proprietary rights.
We believe that while patents can be useful and may be utilized by us in the future, they are not always necessary or feasible to protect our intellectual property.
−Removed: The process of seeking patent protection is lengthy and expensive, and we cannot be certain that applications will actually result in issued patents or that issued patents will be of sufficient scope or strength to provide meaningful protection or commercial advantage to us. 
+Added: The process of seeking patent protection is lengthy and expensive, and we cannot be certain that applications will actually result in issued patents or that issued patents will be of sufficient scope or strength to provide meaningful protection or commercial advantage to us.
In addition to patent protection, we have also historically protected our proprietary information and intellectual property such as design specifications, blueprints, technical processes and employee know-how, by limiting access to this confidential information and trade secrets and through the use of non-disclosure agreements.
−Removed: Other companies and individuals, including our competitors, may develop technologies that are similar or superior to our technology, or design around the intellectual property that we own or license. 
+Added: Other companies and individuals, including our competitors, may develop technologies that are similar or superior to our technology, or design around the intellectual property that we own or license.
Our failure to adequately protect our intellectual property, could result in the reduction or extinguishment of our rights to such intellectual property.
We also assert rights to certain trademarks relating to certain of our products and product lines.
−Removed: While patent, copyright and trademark protection for our intellectual property may be important, we believe our future success in highly dynamic markets is most dependent upon the technical competence and creative skills of our personnel. 
−Removed: We attempt to protect our trade secrets and other proprietary information through confidentiality agreements with our customers, suppliers, employees and consultants, and through other internal security measures. 
−Removed: However, these employees, consultants and third parties may breach these agreements, and we may not have adequate remedies for wrongdoing. 
+Added: While patent, copyright and trademark protection for our intellectual property may be important, we believe our future success in highly dynamic markets is most dependent upon the technical competence and creative skills of our personnel.
+Added: We attempt to protect our trade secrets and other proprietary information through confidentiality agreements with our customers, suppliers, employees and consultants, and through other internal security measures.
+Added: However, these employees, consultants and third parties may breach these agreements, and we may not have adequate remedies for wrongdoing.
In addition, the laws of certain territories in which we sell our products may not protect our intellectual property rights to the same extent as do the laws of the United States.
−Removed: We may receive communications from other parties asserting the existence of patent rights or other intellectual property rights that they believe cover certain of our products, processes, technologies or information. 
−Removed: If such cases arise, we will evaluate our position and consider the available alternatives, which may include seeking licenses to use the technology in question on commercially reasonable terms, or defending our position. 
−Removed: Nevertheless, we cannot ensure that we will be able to obtain licenses, or, if we are able to obtain licenses, that related terms will be acceptable, or that litigation or other administrative proceedings will not occur. 
−Removed: Defending our intellectual property rights through litigation could be very costly. 
−Removed: If we are not able to negotiate the necessary licenses on commercially reasonable terms or successfully defend our position, our financial position and results of operations could be materially and adversely affected. 
+Added: We may receive communications from other parties asserting the existence of patent rights or other intellectual property rights that they believe cover certain of our products, processes, technologies or information.
+Added: If such cases arise, we will evaluate our position and consider the available alternatives, which may include seeking licenses to use the technology in question on commercially reasonable terms, or defending our position.
+Added: Nevertheless, we cannot ensure that we will be able to obtain licenses, or, if we are able to obtain licenses, that related terms will be acceptable, or that litigation or other administrative proceedings will not occur.
+Added: Defending our intellectual property rights through litigation could be very costly.
+Added: If we are not able to negotiate the necessary licenses on commercially reasonable terms or successfully defend our position, our financial position and results of operations could be materially and adversely affected.
The price of our common shares is volatile and could decline significantly.
13 unchanged sentences
In the past, securities class action litigation often has been brought against a company following periods of volatility in the market price of its securities.
−Removed: If similar litigation were pursued against us, it could result in substantial costs and a diversion of management’s attention and resources, which could materially and adversely affect our financial condition, results of operations, and liquidity.
+Added: If similar litigation were pursued against us, it could result in substantial costs and a diversion of management’s attention and resources, which could materially and adversely affect our financial condition, results of operations, and liquidity.
If we are subject to cyber-attacks, we could incur substantial costs and, if such attacks are successful, we could incur significant liabilities, reputational harm, and disruption to our operations.
6 unchanged sentences
In addition, breaches of our security measures and the unapproved dissemination of proprietary information or sensitive data about us, our customer, or other third parties, could expose us, our customers, or other third parties to a risk of loss or misuse of this information, result in litigation and potential liability for us, damage our reputation, or otherwise harm our business.
−Removed: Unresolved Staff Comments.
−Removed: Smaller reporting companies are not required to provide the information required by this item.
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.