26 unchanged sentences
A case management conference was held on October 10, 2024 and the court set a trial date of October 5, 2026.
−Removed: We plan to vigorously defend against the remaining claims.
+Added: On March 5, 2026, the Company entered into a license and settlement agreement with PGI in connection with the PGI Settlement pursuant to which the Company receives a worldwide, royalty-free, non-exclusive license under U.S.
+Added: 7,767,441 and its related patent family, and a five-and-a-half year covenant not to sue under any patents owned or controlled by PGI, and resulted in the dismissal of all claims and counterclaims asserted by the Company and PGI against each other in the litigation.
+Added: The covenant not to sue runs with the patents and binds PGI’s successors and transferees.
+Added: The settlement also provides for the release of claims for damages arising from activities occurring prior to and during the covenant term.
+Added: Under the fixed payment structure, the Company paid PGI $8,000,000 in the second quarter of 2026, and will pay $5,000,000 in the first quarter of each of 2027, 2028 and 2029, with the payment in 2027 increasing by $1,000,000 if the Company’s 2026 revenue is at least $165,000,000 and another $1,000,000 if it is at least $180,000,000.
+Added: On May 4, 2026, the court dismissed all claims and counterclaims between the Company and PGI based on a joint stipulation by the parties.
Other Proceedings
2 unchanged sentences
We record a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
−Removed: We currently do not believe that the ultimate outcome of any of the matters described above is probable or reasonably estimable, or that these matters will have a material adverse effect on our business;
+Added: We currently do not believe that the ultimate outcome of any of the matters described above is probable or reasonably estimable, or that these matters will have a material
+Added: Q1 Fiscal 2026 Form 10-Q
+Added: adverse effect on our business;
however, the results of litigation and claims are inherently unpredictable.
2 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.