76 unchanged sentences
Our efforts to mitigate any cost increases, labor impacts and supply chain delays and shortages may not be successful, and we cannot predict the duration of these current trends or other future increases in operating costs.
−Removed: We may not be able to pass cost increases through to our customers fully (or at all), and if supply chain delays and shortages delay delivery of our products, our customers may seek to purchase from our competitors.
+Added: We may not be able to pass cost increases through to our customers fully (or at all), and if supply chain delays and shortages delay delivery of our products,
+Added: our customers may seek to purchase from our competitors.
Any such occurrence may have a material adverse impact on our gross margins and business, financial position, results of operations and cash flows.
71 unchanged sentences
In addition, some of our third-party party services providers also have product designs, know-how, data files and other important confidential information regarding our products.
−Removed: If a third-party service provider experiences a
−Removed: cybersecurity event in which such confidential information is publicly exposed or shared with bad actors, it could materially and adversely impact our competitive position in the market.
+Added: If a third-party service provider experiences a cybersecurity event in which such confidential information is publicly exposed or shared with bad actors, it could materially and adversely impact our competitive position in the market.
Our ability to fulfill our backlog may have an effect on our long-term ability to procure contracts and fulfill current contracts.
17 unchanged sentences
We expect to continue to make significant investments in our research and development activities and at times may make inventory investments prior to commercialization.
−Removed: We may experience difficulties or delays in our development efforts with respect to new systems, and we may not ultimately be successful in our product enhancement efforts to improve and advance products or in responding effectively to technological change, as not all research and development activities result in viable commercial products.
+Added: We may experience difficulties or delays in our development efforts with respect to new systems, and we may not ultimately be successful in our product enhancement efforts to improve and advance products or in responding effectively to technological change, as not all research and development activities result in viable commercial
In addition, we cannot provide assurance that we will be able to develop new products for the most opportunistic new markets and applications.
28 unchanged sentences
Any of our pending patent applications may be rejected, however, and we may be unable to develop additional proprietary technology that is patentable in the future.
−Removed: In addition, the patents that we do own or that have been issued or licensed to us may not provide us with competitive advantages and/or may be invalidated, unenforceable and/or challenged by third parties.
+Added: In addition, the patents that we do own or that have been issued or licensed to us may not provide us with competitive advantages and/or may be
+Added: invalidated, unenforceable and/or challenged by third parties.
Third parties may also design around our patents or copy our patented inventions without our knowledge.
9 unchanged sentences
In some countries, it can be difficult to register trademarks because of the strict examination process or blocking trademarks for other goods.
−Removed: Costly and time-consuming litigation might be necessary to enforce and determine the scope
−Removed: of our intellectual property rights, and failure to obtain or maintain trade secret protection might adversely affect our ability to continue our research or bring products to market.
+Added: Costly and time-consuming litigation might be necessary to enforce and determine the scope of our intellectual property rights, and failure to obtain or maintain trade secret protection might adversely affect our ability to continue our research or bring products to market.
Any of these circumstances could result in harm to our competitive position in the market.
28 unchanged sentences
As a result of any of these events, our or our customers’ and vendors’ information could be accessed or disclosed improperly.
−Removed: In addition, cybersecurity incidents affecting our customers
−Removed: could result in substantial delays in our ability to ship to those customers or install our products, which could result in delays in revenue recognition or the cancellation of orders.
+Added: In addition, cybersecurity incidents affecting our customers could result in substantial delays in our ability to ship to those customers or install our products, which could result in delays in revenue recognition or the cancellation of orders.
As discussed herein under the heading “We outsource select manufacturing activities to third-party service providers, which decreases our control over the performance of these functions and may result in lower quality and functionality of our products, and exposes us to increased supply chain risks,” cybersecurity incidents affecting our service providers could negatively impact our ability to timely and cost-effectively produce products and/or negatively impact our competitive position in the market.
27 unchanged sentences
We have, from time to time, selectively reduced prices on our systems in order to protect our market share, and competitive pressures may necessitate further price reductions.
−Removed: We expect our competitors in each product area to continue to improve the design and performance of their products and to introduce new products with competitive prices and
−Removed: performance characteristics.
+Added: We expect our competitors in each product area to continue to improve the design and performance of their products and to introduce new products with competitive prices and performance characteristics.
These product introductions would likely require us to decrease the prices of our systems and increase the level of discounts that we grant our customers.
19 unchanged sentences
The effect of these changes, among others, is that Onto Innovation is required to conduct additional end-use diligence and in some instances obtain export licenses before providing products to certain customers.
−Removed: There can be no assurance that export licenses applied for by us or our customers will be granted in a timely manner or at all.
+Added: There can be no assurance that export
+Added: licenses applied for by us or our customers will be granted in a timely manner or at all.
We have experienced and may continue to experience a temporary loss of revenues while we are obtaining licenses with certain customers affected by export controls.
16 unchanged sentences
or based on U.S.
−Removed: technology, in turn reducing demand for our products, which could have a material adverse effect on our business,
−Removed: financial condition and results of operations.
+Added: technology, in turn reducing demand for our products, which could have a material adverse effect on our business, financial condition and results of operations.
Increased restrictions on China exports may also lead to regulatory retaliation by the Chinese government, which may adversely impact our business.
14 unchanged sentences
If terrorist activities, armed conflict, civil or military unrest or political instability occurs outside of the United States, these events may result in reduced demand for our products or adversely affect our supply chain.
−Removed: For example, the Ukraine–Russia geographic region is a major source of critical raw materials used for semiconductor manufacturing (such as neon and palladium), and any supply chain disruptions or shortages of such materials due to the ongoing conflict in that region could impact our customers in a manner that reduces demand for our products.
+Added: For example, the Ukraine–Russia geographic region is a major source of critical raw materials used for semiconductor manufacturing (such as neon and palladium), and any supply chain disruptions or shortages of such materials due to the ongoing conflict in that region could impact our customers in
+Added: a manner that reduces demand for our products.
Similarly, if the conflict in Israel and the surrounding area escalates further, it could result in disruptions to our supply chain and/or the operations of our customers in a manner that reduces demand for our products.
5 unchanged sentences
The occurrence of one or more natural disasters, such as hurricanes, tropical storms, fires, cyclones, earthquakes, tsunamis, flooding, typhoons, volcanic eruptions and weather conditions such as major or extended winter storms, droughts and tornadoes, whether as a result of climate change or otherwise, may disrupt manufacturing or other operations.
−Removed: For example, our Milpitas
−Removed: operations are located near major earthquake fault lines in California.
+Added: For example, our Milpitas operations are located near major earthquake fault lines in California.
We cannot provide any assurance that alternate means of conducting our operations (whether through alternate production capacity or service providers or otherwise) would be available if a major disruption were to occur or that, if such alternate means were available, they could be obtained on favorable terms.
167 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.