Information regarding the Company’s Risk Factors are set forth in the Company’s Annual Report on Form 10-K for the year ended June 30, 2021.
−Removed: There has been no material change in the risk factors previously disclosed in the Company’s Form 10-K for the three months ended March 31, 2021.
+Added: There has been no material change in the risk factors previously disclosed in the Company’s Form 10-K for the three months ended September 30, 2021, except for the following:
+Added: The Company’s Accounts receivable has a high degree of concentration in a small number of customers (43% among three customers as of September 30, 2021).
+Added: A credit loss resulting from one or more of these customers defaulting on their amounts due may negatively impact our financial condition and results of operations.
Certification Pursuant to Rule 13a-14(a)/15d-14(a) of Richard L.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
+Added: November 8, 2021
NAPCO SECURITY TECHNOLOGIES, INC.
5 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.