−Removed: ongoing COVID-19 pandemic and measures intended to prevent its spread have had, and may continue to have, a material and adverse effect
−Removed: on our business and results of operations.
−Removed: health concerns relating to the COVID-19 pandemic and related government actions taken to reduce the spread of the virus have been weighing
−Removed: on the macroeconomic environment, and the pandemic has significantly increased economic uncertainty and reduced economic activity.
−Removed: businesses, which represent a large portion of our design customers, have been impacted particularly hard.
−Removed: The pandemic has resulted
−Removed: in government authorities and businesses implementing numerous measures to try to contain the virus, such as travel bans and restrictions,
−Removed: quarantines, shelter in place or total lock-down orders, school closures, and business limitations and shutdowns.
−Removed: Such measures have
−Removed: contributed significantly to increased unemployment and negatively impacted consumer and business spending.
−Removed: Business shutdowns have disrupted
−Removed: our supply chain and the manufacture or shipment of our products and delayed the rollout of our retail distribution products.
−Removed: pandemic has caused us to modify our business practices to help minimize the risk of the virus to our employees, our customers, and the
−Removed: communities in which we participate, which could negatively impact our business.
−Removed: We continue to permit employees to work remotely, which
−Removed: subjects the Company to increased cybersecurity risks and may reduce workplace efficiency.
−Removed: As the availability of vaccines has increased
−Removed: and COVID-19 case rates have diminished, we have gradually begun a phased reopening of our offices.
−Removed: We continue to employ additional
−Removed: safety measures in our offices, including enhanced cleaning and sanitation, mask wearing, suspending international business travel for
−Removed: our employees and limiting domestic business travel, limiting external guests visiting our offices, and holding most meetings and events
−Removed: Local conditions may require us to move back under more restrictive guidelines, which could include mandatory remote work
−Removed: and additional safety measures.
−Removed: Given the continually evolving situation, there is no certainty that the measures we have taken will
−Removed: be sufficient to mitigate the risks posed by the virus.
−Removed: full extent to which the COVID-19 pandemic will continue to impact our business, results of operations, and financial condition remains
−Removed: uncertain and will depend on developments that remain uncertain and difficult to predict, including, but not limited to, the duration
−Removed: and spread of the pandemic, its severity, the actions to contain the virus or treat its impact, the availability, distribution and efficacy
−Removed: of vaccines, and acceptance by the population to get the vaccine and how quickly and to what extent normal economic and operating conditions
−Removed: Even after the COVID-19 pandemic has subsided, we may experience material and adverse impacts to our business as a result of
−Removed: the virus’s global economic impact, including the availability of credit, bankruptcies or insolvencies of customers, and recession
−Removed: or economic downturn.
−Removed: of the issues discussed above could have a material adverse effect on our business if this continues for an extended period of time.
−Removed: If we incur significant declines in customer orders, increased aging of accounts receivable or other negative consequences due to COVID-19,
−Removed: the extent of which remains highly uncertain, it will have a material adverse effect on our business, financial condition and results
−Removed: of operations.
−Removed: we attempt to identify, manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances,
−Removed: some level of risk and uncertainty will always be present.
−Removed: Item 1A - “Risk Factors” in the Form 10-K describes some of the
−Removed: risks and uncertainties associated with our business, which we strongly encourage you to review.
−Removed: These risks and uncertainties have the
−Removed: potential to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects.
+Added: While we attempt to identify,
+Added: manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances, some level
+Added: of risk and uncertainty will always be present.
+Added: Item 1A - “Risk Factors” in the Form 10-K for the fiscal year ended September
+Added: 30, 2021 describes some of the risks and uncertainties associated with our business, which we strongly encourage you to review.
+Added: risks and uncertainties have the potential to materially affect our business, financial condition, results of operations, cash flows,
+Added: projected results, and future prospects.
There have been no material changes in our risk factors from those disclosed in the Form 10-K
−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: were no unregistered sales of the Company’s equity securities during the 2021 Quarter that were not previously disclosed in a Current
−Removed: Report on Form 8-K.
−Removed: DEFAULTS UPON SENIOR SECURITIES
−Removed: MINE SAFETY DISCLOSURES
+Added: for the fiscal year ended September 30, 2021.
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.