3 unchanged sentences
INTEREST RATE RISK
−Removed: As of June 30, 2024, the Company had $1.5 million of indebtedness that bears interest at a variable rate, comprised of borrowings under the revolving line of credit.
+Added: As of September 29, 2024, the Company had $20.8 million of indebtedness that bears interest at a variable rate, comprised of borrowings under the revolving line of credit and a term loan.
Based upon this level of outstanding debt, the Company’s annual net income would decrease by approximately $161,000 for each increase of one percentage point in the interest rate applicable to the debt.
8 unchanged sentences
The Company’s financial results are closely tied to sales to its top two customers, which represented approximately 61% of the Company’s gross sales in fiscal year 2024.
−Removed: In addition, 40% of the Company’s gross sales in fiscal year 2024 consisted of licensed products, which included 24% of sales associated with the Company’s license agreements with affiliated companies of the Walt Disney Company (“Disney”).
+Added: In addition, 40% of the Company’s gross sales in fiscal year 2024 consisted of licensed products, which included 24% of sales associated with the Company’s license agreements with affiliated companies of the Walt Disney Company.
The Company’s results could be materially impacted by the loss of one or more of these licenses.
+Added: Since the filing of the Company’s Annual Report on Form 10-K for the year ended March 31, 2024, the Company acquired Baby Boom which designs and sells licensed and unlicensed bedding and diaper bag products.
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.