What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2023-06-28 compared with 2022-07-13 · 24 added, 17 removed, 558 unchanged (7% of the section changed)

150 unchanged sentences

As decisions are made at a system level, our intent is to highlight the clinical, economic and safety benefits of using AEM

A number of factors are contributing to a decrease in surgical procedures

that take away from top line results.

COVID resurgences continued to negatively impact surgical procedure volumes.

MarketWatch announced that, “A record share of U.S.

adults said they or a family member delayed medical care last year due to affordability

According to a Gallup poll, thirty-eight percent of Americans said they or a family member avoided treatment over cost in 2022,

a full 12 percentage points higher than the year prior.” Finally, hospitals are struggling to maintain critical staffing levels

to enable them to keep up with even the decreased demand for procedures.

The Technology

118 unchanged sentences

product line that is used in conjunction with AEM Instruments.

We introduced our AEM EndoShield®

2 Burn Protection System during our fiscal year ended March 31, 2018.

The EndoShield 2 can be used for a number of surgical procedures

without reprocessing, reduces the customer’s cost per use significantly, and eliminates a significant barrier to adoption.

hospitals can make a complete and smooth conversion to our product line, thereby advancing patient safety in MIS.

The EndoShield 2 integrates

our patented AEM technology into a disposable smart cord and eliminates the need for a separate AEM monitor.

It is changing the marketplace

for electrosurgical devices and laparoscopic instruments by providing a solution to a well-documented hazard unique to laparoscopic surgery.

Our AEM EndoShield® 2 Burn Protection System can be used for a number

of surgical procedures without reprocessing, reduces the customer’s cost per use significantly, and eliminates a significant barrier

Thus, hospitals can make a complete and smooth conversion to our product line, thereby advancing patient safety in MIS.

EndoShield 2 integrates our patented AEM technology into a disposable smart cord and eliminates the need for a separate AEM monitor.

is changing the marketplace for electrosurgical devices and laparoscopic instruments by providing a solution to a well-documented hazard

unique to laparoscopic surgery.

The 2020 introduction of our AEM 2X enTouch®

9 unchanged sentences

lets the hospital know when to replace the scissors with new ones and makes tracking their use simple and easy.

We expect 2X Scissors

to have an attractive sales trajectory and will become a significant part of our portfolio of products.

2X Scissors work with

hot AEM dissection and have a price point that makes them suitable for cold dissection as well.

2X Scissors should open new use segments

for us and create an opportunity for customers to standardize on our entire portfolio of Active Electrode Monitoring (AEM®) products.

2X Scissors work

with hot AEM dissection and have a price point that makes them suitable for cold dissection as well.

2X Scissors should open new

use segments for us and create an opportunity for customers to standardize on our entire portfolio of Active Electrode Monitoring (AEM®)

On April 20, 2020, we entered into a Master Services

9 unchanged sentences

On May 5, 2022, the parties mutually agreed to terminate all of our agreements.

In February 2023, we signed a Proof of Concept Services

Agreement with Vicarious Surgical Inc.

(“Vicarious”).

The Vicarious robot design intends to maximize visualization, precision,

and control of instruments in robotic-assisted minimally invasive surgery.

Sales and Marketing Overview

231 unchanged sentences

During our March 31, 2020 quarter, we received a letter

from the FDA.

The letter contained a questionnaire regarding Stray Energy and how to prevent patient injuries from Stray Energy during

from the FDA that contained a questionnaire regarding Stray Energy and how to prevent patient injuries from Stray Energy during

laparoscopic procedures.

31 unchanged sentences

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.

What changed 10-K

Item 1. Business