5 unchanged sentences
Our business and results of operations are subject to numerous risks, uncertainties, and other factors that you should be aware of.
−Removed: You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under the heading “Risk Factors.” There have been no material changes from the risk factors disclosed in our 2024 Annual Report on Form 10-K other than as set forth below.
+Added: You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth below and in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under the heading “Risk Factors”.
+Added: There have been no material changes from the risk factors disclosed in our 2024 Annual Report on Form 10-K other than as set forth below.
The risks, uncertainties and other factors described in the risk factors are not the only ones facing our company.
7 unchanged sentences
For example, the U.S.
−Removed: government has recently announced changes to its trade policy, including increasing tariffs on imports, in some cases significantly.
+Added: government has recently announced or implemented changes to its trade policy, including increasing tariffs on imports, in some cases significantly.
Several of these recent tariff actions have been followed by announcements of limited exemptions, temporary pauses, and retaliatory measures against certain U.S.
−Removed: As of April 1, 2025, approximately 25% of our finished goods are imported into the U.S., either by us or our customers.
−Removed: Any imposition of or increase in tariffs applicable to us, including reciprocal tariffs, would increase the cost of importing our products.
+Added: As of July 1, 2025, approximately 25% of our business is exposed to U.
+Added: tariffs due to our manufacturing in Thailand.
+Added: On July 31, the White House announced a 19% tariff on imports from Thailand.
+Added: The imposition of or increase in tariffs applicable to us, including reciprocal tariffs, will increase the cost of importing our products.
This would in turn increase our costs unless we are able to implement actions to offset these costs, such as leveraging tariff exemptions where possible, taking actions to optimize our supply chain or source from alternative suppliers, or increasing our prices.
−Removed: We are currently developing a pass-through strategy to protect margins, and preparing for multiple scenarios should reciprocal tariffs resume after the current pause.
−Removed: There can be no assurance that we will be able to successfully offset or mitigate any resulting increase in our costs.
+Added: While we have developed a pass-through strategy intended to protect margins, the amount of Thailand-origin components required to obtain a valid certificate of origin remains uncertain, particularly in light of recent U.S.
+Added: enforcement efforts aimed at preventing transshipment.
+Added: In the event our products are determined to be transshipments, they would be subject to higher tariffs.
+Added: There can be no assurance that our efforts will be successful or that we will be able to successfully offset or mitigate the resulting increase in our costs.
If we are unable to pass on any cost increases or if supply and demand conditions will not support price increases for our products, our revenue and gross margin would be negatively impacted.
1 unchanged sentence
trade policy could increase prices for our products and could negatively affect demand for our products.
−Removed: Tariffs or other trade restrictions may also lead to increased costs for our customers, declining consumer confidence, significant inflation and diminished expectations for the economy, as well as ultimately reduced demand for our products.
+Added: Tariffs or other trade restrictions may also lead to increased costs for our customers, declining consumer confidence, significant inflation and diminished expectations for the economy, as well as reduced demand for our products.
Such conditions could have a material adverse impact on our business, results of operations and cash flows.
6 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.