25 unchanged sentences
Such events could cause significant delays in shipments and may adversely affect our revenue, cost of goods sold and results of operations.
+Added: Our current anticipation that the Joint Venture Company will have full manufacturing capabilities in 2026 could be incorrect and may adversely affect our future results
+Added: The development of our Joint Venture Company manufacturing facility in Hangzhou, China is subject to a variety of risks, including delays in obtaining necessary permits and approvals, unforeseen engineering or environmental problems, geo-political issues, changes in Chinese laws, regulations, or government policies affecting foreign investment, labor disputes, shortages of materials and skilled labor, cost overruns, failure of our joint venture partner to make required capital contributions, and other factors beyond our control.
+Added: In the event of a delay in the development of the manufacturing facility, or if the development is unsuccessful, we may not achieve our anticipated manufacturing capabilities in 2026, which could impair our ability to meet customer demand and could have a material adverse effect on our business, financial condition, and results of operations.
Risk Related to Customer Relationships
82 unchanged sentences
and foreign government administrative policy, including the imposition of or increases in tariffs and changes to existing trade agreements could have a material adverse effect on us.
+Added: The United States has imposed tariffs on certain items imported from various countries where we currently sell or in the past sold our products.
+Added: Since January 2025, the Trump Administration has significantly expanded and modified these tariff policies, creating an evolving landscape of trade restrictions and uncertainty.
As a result of changes to U.S.
1 unchanged sentence
trade policies, among other possible changes.
−Removed: administration has announced it intends to implement or increase tariffs and it remains unclear what the U.S.
−Removed: administration or foreign governments will or will not do with respect to tariffs or trade agreements and policies.
A trade war, other governmental action related to tariffs or trade agreements, changes in U.S.
22 unchanged sentences
We also hold several United States and corresponding foreign patents covering the manufacturing processes of Liquidmetal alloys and their use.
−Removed: Those patents have expiration dates between 2025 and 2040 The laws of some foreign countries do not protect proprietary rights to the same extent as the laws of the United States, and we may encounter significant problems and costs in protecting our proprietary rights in these foreign countries.
+Added: Those patents have expiration dates between 2025 and 2040.
+Added: The laws of some foreign countries do not protect proprietary rights to the same extent as the laws of the United States, and we may encounter significant problems and costs in protecting our proprietary rights in these foreign countries.
In August 2010, we entered into a license transaction with Apple pursuant to which (i) we contributed substantially all of our intellectual property assets to a special-purpose, wholly-owned subsidiary, Crucible Intellectual Property (“CIP”), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use.
116 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.