−Removed: There were no defined material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 6, 2020 other than as set forth below.
+Added: There were no material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 6, 2020 and the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 1, 2020.
In addition, the impact of COVID-19 could potentially exacerbate other risks discussed, any of which could have a material adverse effect on the Company.
The situation continues to change rapidly and additional impacts may arise that the Company is not aware of currently.
−Removed: Our business, results of operations and financial condition have been and may in the future be adversely impacted by the COVID-19 pandemic.
−Removed: The outbreak of COVID-19, which was declared a pandemic by the World Health Organization on March 11, 2020, has created significant volatility, uncertainty and disruption in the U.S.
−Removed: and global economies.
−Removed: The COVID-19 pandemic has resulted and will result in lost or delayed revenue to us and could have a material adverse effect on our business, results of operations and financial condition.
−Removed: In response to recommendations by public health organizations, federal, state, local and foreign governments have adopted various measures in an effort to slow and limit the spread of the COVID-19 virus, including mandatory closures, work-from-home and shelter in place orders and social distancing protocols.
−Removed: These and other measures have had and may continue to have an adverse impact on our business, as well as those of our suppliers (particularly in the Asia-Pacific region), customers and other business partners, which could cause delays in the production and distribution of our products, delays and cancellations of projects utilizing our products and the loss of sales and customers.
−Removed: The extent to which the COVID-19 pandemic impacts our business, results of operations and financial condition will depend on various factors which continue to evolve and cannot be predicted, including:
−Removed: the scope, duration and severity of the pandemic;
−Removed: the effectiveness of stimulus measures and other actions implemented by federal, state, local or foreign governments;
−Removed: the ability of our suppliers to obtain or produce the materials needed for our products or to meet delivery requirements and commitments;
−Removed: disruptions to our global supply chain;
−Removed: the effect on our customers’ demand for our services and products;
−Removed: limitations on our ability to sell and provide our services and products due to the inability of our employees to perform their job due to illness caused by the pandemic or
−Removed: governmental stay at home orders or travel restrictions;
−Removed: reduced availability of ground or air transportation;
−Removed: the effectiveness of our actions to contain costs and maintain liquidity;
−Removed: and the ability of our customers to conduct their business or to pay for our services and products in a timely manner.
−Removed: The long-term financial and economic impact s of the COVID-19 pandemic may be prolonged and cannot be reliably quantified or estimated at this time due to the uncertainty of these future developments.
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.