69 unchanged sentences
While we maintain insurance coverage that may, subject to policy terms and conditions, cover certain aspects of cyber risks, this insurance coverage is subject to a retention amount and may not be applicable to a particular incident or otherwise may be insufficient to cover all our losses beyond any retention.
−Removed: Similarly, we expect to continue to make continued investments in our information technology infrastructure.
+Added: Similarly, we expect to continue to make investments in our information technology infrastructure.
The implementation of these investments may be more costly or take longer than we anticipate, or could otherwise adversely affect our business operations, which could negatively impact our financial position, results of operations or cash flows.
Internal Controls Over Financial Reporting.
−Removed: Because of its inherent limitations, internal controls over financial reporting may not prevent or detect material misstatements in the Company's financial statements.
+Added: Because of its inherent limitations, internal controls over financial reporting may not prevent or detect material misstatements in the Company's consolidated financial statements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
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economy, which in turn could have a material adverse effect on our business, financial condition and results of operations.
−Removed: Coronavirus Pandemic
+Added: The impact of COVID-19 and future pandemics could adversely affect our business, results of operations, financial condition, and liquidity.
In December 2019, a novel coronavirus ("COVID-19") emerged and has subsequently spread worldwide.
On March 11, 2020, the World Health Organization ("WHO") recognized COVID-19 as a global pandemic, prompting many national, regional, and local governments, including ones in the markets in which the Company operates, to implement preventative or protective measures, such as travel and business restrictions, temporary store closures, and wide-ranging quarantines and stay-at-home orders.
−Removed: The spread of the COVID-19 outbreak has caused severe disruptions in the U.S.
−Removed: and global economy and financial markets and could potentially create widespread business continuity issues of an as yet unknown magnitude and duration.
−Removed: The outbreak of COVID-19 has severely impacted global economic activity and caused significant volatility and negative pressure in the financial markets.
−Removed: The global impact of the outbreak has been rapidly evolving and many countries, including the United States, have reacted by instituting quarantines, mandating business and school closures and restricting travel.
−Removed: Many experts predict that the outbreak will trigger a period of global economic slowdown or a global recession.
−Removed: During fiscal year 2020, our domestic business and our international subsidiaries in India and Singapore were adversely impacted by mandatory business shutdowns and stay-at-home orders issued by local governing bodies.
−Removed: COVID-19 could continue to have material and adverse effects on our ability to successfully operate due to, among other factors:
+Added: The global impact of the outbreak continues to evolve and many countries continue to react with mandated business and school closures, travel restrictions, and quarantines.
+Added: While we have been able to keep our operations open for the most part during the pandemic and COVID-19 vaccines are now being administered throughout the world, COVID-19 could continue to have material and adverse effects on our ability to successfully operate due to, among other factors:
• A general decline in business activity, especially as it relates to our customers' expansion or consolidation activities;
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• A material disruption in our supply chain, which has affected and could continue to affect our ability to source products from vendors on a timely basis or on favorable terms.
−Removed: We source certain key supplies used in the manufacture of our products solely from China.
−Removed: If we are unable to procure adequate quantities of these key materials from our suppliers based in China, or are unable to evaluate and develop alternative sources, we may experience delays in production and customer deliveries.
−Removed: Sales to customers outside the United States or with international operations expose us to risks inherent in international sales.
−Removed: During fiscal year 2020, 23% of our revenues were derived from sales outside of the United States.
−Removed: A key element of our growth strategy is to expand our worldwide customer base and our international operations.
−Removed: Operating in international markets requires significant resources and management attention and subjects us to regulatory, economic and political risks that are different from those in the United States.
−Removed: We cannot assure you that our expansion efforts into other international markets will be successful.
−Removed: Our experience in the United States and other international markets in which we already have a presence may not be relevant to our ability to expand in other emerging markets.
−Removed: Our international expansion efforts may not be successful in creating further demand for our products outside of the United States or in effectively selling our products in the international markets we enter.
−Removed: The occurrence of the COVID-19 pandemic may negatively affect our operations depending on the severity and longevity of the pandemic.
−Removed: If a significant percentage of our workforce or the workforce of our third party business partners is unable to work, including because of illness or travel or government restrictions in connection with the COVID-19 pandemic or any future pandemic or disease outbreak, our operations may be negatively impacted.
−Removed: Our efforts to manage and mitigate these factors may be unsuccessful, and the effectiveness of these efforts depends on factors beyond our control, including the duration and severity of any pandemic or disease outbreak, as well as third party actions taken to contain its spread and mitigate public health effects.
+Added: The extent of the continued impact of COVID-19 on our business and financial results depends on future developments, including the emergence of new and different strains of the virus and the effectiveness of vaccinations and other public health measures.
+Added: Other pandemics are also possible with similar or worse public health outcomes.
+Added: The sweeping nature of pandemics makes it extremely difficult to predict how and to what extent our business and operations could be affected in the long run.
+Added: If a significant percentage of our workforce or the workforce of our third party business partners are unable to work, including because of illness or travel or government restrictions in connection with the COVID-19 pandemic or any future pandemic or disease outbreak, our operations may be negatively impacted.
In response to the health and safety risks and challenges presented by the COVID-19 pandemic, the Company has been proactively and regularly implementing measures to protect its employees.
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• Adopting remote working protocols, systems, and processes for nonessential employees to work from home;
−Removed: Conducting mandatory employee temperature checks, and on some occasions, requiring mandatory testing for employees and self-quarantine protocols pending test results.
+Added: • Conducting employee temperature checks, and on some occasions, requiring mandatory testing for employees and self-quarantine protocols pending test results.
These measures have had the effect, and are likely to continue to have the effect, of increasing our operating expenses, and could also have the effect of disrupting our operations and/or making them less efficient, which could have a negative effect on our financial results.
+Added: Sales to customers outside the United States or with international operations expose us to risks inherent in international sales.
+Added: During fiscal year 2021, 26% of our revenues were derived from sales outside of the United States.
+Added: A key element of our growth strategy is to expand our worldwide customer base and our international operations.
+Added: Operating in international markets requires significant resources and management attention and subjects us to regulatory, economic and political risks that are different from those in the United States.
+Added: We cannot assure you that our expansion efforts into other international markets will be successful.
+Added: Our experience in the United States and other international markets in which we already have a presence may not be relevant to our ability to expand in other emerging markets.
+Added: Our international expansion efforts may not be successful in creating further demand for our products outside of the United States or in effectively selling our products in the international markets we enter.
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.