Our business, future
−Removed: financial condition, and results of operations are subject to
−Removed: a number of factors, risks, and uncertainties, which are
+Added: financial condition and results of operations are subject to a
+Added: number of factors, risks and uncertainties, which are
disclosed in Item 1A , entitled “Risk
1 unchanged sentence
for our fiscal year ended June 30, 2021, as well as any amendments thereto or additions and changes thereto contained in this quarterly
−Removed: report on Form 10-Q for the quarter ended September 30, 2021.
+Added: report on Form 10-Q for the quarter ended December 31, 2021.
Additional information regarding some of those risks
5 unchanged sentences
of operations in the future.
−Removed: There have been no material changes to the risk factors as
−Removed: disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021.
+Added: been no material changes to the risk factors as disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021, except
+Added: as provided in any amendments thereto and those set forth below.
+Added: During calendar 2021 and continuing
+Added: into calendar 2022 we began seeing challenges in our supply chain in the form of delayed shipments, longer lead times and surcharges,
+Added: much of which our suppliers indicate have been caused by the COVID-19 pandemic.
+Added: If these conditions persist they could have a material
+Added: adverse effect on our business.
+Added: While the COVID-19 pandemic has
+Added: yet to have an adverse impact on our business or results of operations and we have successfully managed to maintain safety stock of our
+Added: long-lead inventory items, we are starting to see instances where supply disruptions may start impacting our ability to ship products
+Added: to our customers timely.
+Added: We are also continuing to see surcharges and price escalations that we may or may not be able to pass on to our
+Added: customers, many of whom have price protections in place under long-term contracts.
+Added: If we are unable to deliver customer orders timely,
+Added: or are unable to increase selling prices, our future results of operations could be negatively impacted.
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.