9 unchanged sentences
This customer has made purchase commitments to us through a supply agreement to purchase surgical handpieces through calendar 2021.
+Added: We provide this customer with a device used primarily in elective surgeries and although this customer has not requested a reduction or delay to their planned shipments, if the COVID-19 pandemic continues to adversely impact the United States and other markets where our products are sold, coupled with the recommended deferrals of elective procedures by governments and other authorities, we would expect to see a decline in demand from our principal customer.
The loss of this customer or any of our significant customers would severely impact us, including having a material adverse effect on our business, financial condition, cash flows, revenue, and results of operations.
+Added: The COVID-19 Pandemic, or the perception of its effects, could have a material adverse effect on our business and results of operations.
+Added: To date, COVID-19 has not had a material adverse impact on our business or results of operations, but due to the uncertainties surrounding this pandemic, it may adversely impact us in the future.
+Added: We may experience disruptions in our supply chain and critical suppliers may delay or be unable to deliver products we have ordered.
+Added: Additionally, our customers could reduce planned orders, request cancelations of existing orders, and/or delay payment to us due to financial hardship they may experience as a result of this healthcare and resulting economic crisis.
+Added: Therefore, it is impossible at this time to predict the ultimate short-term or long-term impact of the pandemic on our business.
+Added: The ability of our employees to work may be significantly impacted by the COVID-19 crisis.
+Added: Our employees are being affected by the COVID-19 pandemic.
+Added: Some of our office and management personnel are working remotely, but our employees engaged in manufacturing and assembly are continuing to work at our corporate headquarters.
+Added: The health of our workforce is of primary concern and we may need to enact further precautionary measures to help minimize the risk of our employees being exposed to the coronavirus.
+Added: Further, our management team is focused on mitigating the adverse effects of the COVID-19 pandemic, which has required and will continue to require a large investment of time and resources across the entire Company, thereby diverting their attention from other priorities that existed prior to the outbreak of the pandemic.
+Added: To date, we have had a total of six employees including one temporary agency worker test positive for COVID-19.
+Added: As of August 18, 2020, all six have made full recoveries and returned to work subsequent to obtaining a negative COVID-19 test and a doctors release.
+Added: If more of our employees test positive for COVID-19, or these conditions worsen, or last for an extended period of time, our ability to manage our business may be impaired, and operational risks, cybersecurity risks, and other risks facing us even prior to the pandemic may be elevated.
A substantial portion of our business is derived from our core business area that, if not serviced properly, may result in a material adverse impact upon our business, results of operations and financial condition.
15 unchanged sentences
If actual warranty claims exceed our estimates, it could have an adverse effect on our results of operations and financial condition.
−Removed: In recent years we have completed significant medical device development projects in the CMF surgical segment as well as a surgical handpiece used for orthopedic applications for which we have made estimates of product warranty claims based upon similar, legacy products.
+Added: In recent years we have completed significant medical device development projects in the CMF and thoracic surgical segments for which we have made estimates of product warranty claims based upon similar, legacy products.
If the actual repair volumes or repair costs exceed the estimates that we have been using, we may incur additional costs which could be materially adverse to our results of operations and financial condition.
63 unchanged sentences
At June 30, 2020, the fair value of these marketable securities was approximately $4.9 million.
−Removed: During the fiscal 2019, we purchased $650,000 in common stock of a public company that is listed on the Over-the-Counter market and is thinly traded.
−Removed: As such, we recorded this investment as long-term in nature, as we may not be able to liquidate the investment in a timely manner even if we wish to sell it.
−Removed: Further, since this companys stock is infrequently traded, we obtained an independent valuation to determine the fair market value of the stock.
+Added: Approximately $2.4 million of our investments at June 30, 2020 include equity securities of companies that are thinly traded.
+Added: As such, these investments are classified as long-term in nature, as we may not be able to liquidate the investments in a timely manner even if we wish to sell them.
+Added: Further, we obtained an independent valuation of these stocks to determine the fair market value.
+Added: While we intend to hold our investments, we may have unexpected cash requirements which necessitate the sale of some or all of these marketable securities and we may incur losses.
We may not be able to successfully integrate our business acquisitions, which could adversely affect our business, financial condition, and results of operations.
21 unchanged sentences
changes in our strategy;
−Removed: revenue recognition policies in conformity with accounting principles generally accepted in the United States (GAAP);
+Added: revenue recognition policies in conformity with accounting principles generally accepted in the United States (U.S.
personnel changes;
15 unchanged sentences
Our operations are subject to a number of complex government regulations, the violation of which could have a material adverse effect on our business.
−Removed: The manufacture and distribution of medical and dental devices are subject to state and federal requirements set forth by various government agencies including the FDA and EPA.
+Added: The manufacture and distribution of medical devices are subject to state and federal requirements set forth by various government agencies including the FDA and EPA.
The statutes, regulations, administrative orders, and advisories that affect our businesses are complex and subject to diverse, often conflicting, interpretations.
10 unchanged sentences
While management believes that our products and processes fully comply with applicable laws and regulations, we are unable to predict the outcome of any such future review or investigation.
−Removed: We face increased costs in the healthcare industry due to government reform.
−Removed: Political, economic and regulatory influences are subjecting the healthcare industry to fundamental changes.
−Removed: The Affordable Care Act enacted sweeping reforms to the U.S.
−Removed: healthcare industry, including mandatory health insurance, reforms to Medicare and Medicaid, the creation of large insurance purchasing groups, new taxes on medical equipment manufacturers, currently suspended through 2019, that apply to certain of our products and other significant modifications to the healthcare delivery system.
−Removed: If the Affordable Care Acts 2.3% excise tax on medical devices is not extended further or repealed, we may be unable to recover amounts that we are taxed through price increases to our customers, which would result in decreased margins on our products that are subject to the tax.
The global economic environment may impact our business, operating results or financial condition.
18 unchanged sentences
We have experienced operating losses in the past.
−Removed: Although we were profitable in during the past four fiscal years, we incurred pre-tax losses from continuing operations of $446,000, $755,000, and $1,903,000 in fiscal 2015, 2014 and 2013, respectively.
Our ability to achieve or sustain profitability is based on a number of factors, many of which are out of our control, including the material costs for our products and the demand for our products.
16 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.