−Removed: This quarterly report should be read in conjunction with the risk factors included in our 2019 Annual Report.
−Removed: The following risk factor supersedes and replaces the risk factors contained in our 2019 Annual Report under the caption entitled, “An outbreak of disease, global or localized health pandemic or epidemic or a similar public health threat, or the fear of such an event may impact economic activity, including, but not limited to demand for our products, workforce availability, and costs to manufacture our products.”
−Removed: The extent to which the coronavirus (COVID-19) pandemic and measures taken in response thereto impact our business, results of operations and financial condition will continue to depend on future developments, which are highly uncertain and difficult to predict.
+Added: This quarterly report should be read in conjunction with the risk factors included in our 2019 Annual Report and our Quarterly Report for the quarter ended March 27, 2020.
+Added: The following risk factor supersedes and replaces the risk factors contained in our Quarterly Report on Form 10-Q for the quarter ended March 27, 2020 under the caption entitled, “The extent to which the coronavirus (COVID-19) pandemic and measures taken in response thereto impact our business, results of operations and financial condition will continue to depend on future developments, which are highly uncertain and difficult to predict.”
+Added: Our business has been adversely affected by the Novel Coronavirus pandemic (“COVID‑19”) and we continue to face risks related to COVID‑19 which could significantly disrupt our operations, customer demand, and our suppliers’ ability to support us, resulting in material adverse impacts to our business, financial condition, operating results, and cash flows.
We are closely monitoring the outbreak of respiratory illness caused by COVID‑19.
6 unchanged sentences
Our customers have experienced, and may continue to experience, disruptions in their operations and supply chains, which can result in delayed, reduced, or canceled orders, or collection risks, and which may adversely affect our results of operations.
−Removed: The disruption to global markets that has occurred due to the epidemic has increased uncertainty for semi-conductor demand.
+Added: Our business may be more adversely impacted by the effects of COVID‑19 in the future.
+Added: We source materials from different parts of the world that have been affected by the virus which could have an adverse impact on our supply chain operations and ability to get materials needed to build our products.
+Added: Additionally, the disruption to global markets that has occurred due to the epidemic has increased uncertainty for semi-conductor demand.
It is likely that the current outbreak and continued spread of COVID‑19 will cause an economic slowdown, and it is possible that it could cause a global recession.
6 unchanged sentences
The extent of the impact of COVID‑19 on our operational and financial performance will depend on future developments, including, but not limited to, the duration and spread of the outbreak and related travel advisories and restrictions, all of which are highly uncertain and cannot be predicted.
+Added: Government shutdown orders or a change to our business classification as an “essential business” may result in a closure of operations for an uncertain duration impacting our business results.
Preventing the effects from and responding to this market disruption if any other public health threat, related or otherwise, may further increase costs of our business and may have a material adverse effect on our business, financial condition, and results of operations.
+Added: While we have taken step s to minimize the potential for COVID ‑ 19 exposure in the workplace, the potential for a COVID ‑ 19 outbreak within our facilities occurring and significantly disrupting operations remains possible.
+Added: Increased infection rates in geographic locations in which we operate have the potential to result in disruptions to our operations at an increased rate than we currently experience.
There are no comparable recent events that provide guidance as to the effect the spread of COVID‑19 as a global pandemic may have, and, as a result, the ultimate impact of the pandemic is highly uncertain and subject to change.
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However, the effects could materially heighten many of our known risks described in the “Risk Factors” section of our 2019 Annual Report.
−Removed: UNREGISTERED SALES OF EQUI TY SECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
DEFAULTS UPON SENIOR SECURITIES
2 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.