What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2020-11-13 compared with 2020-08-14 · 39 added, 18 removed, 3 unchanged (95% of the section changed)

Except as set forth below, there have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019.

The ongoing COVID-19 pandemic may adversely affect our business.

The ongoing global coronavirus pandemic could continue to have a negative impact on our revenues and operating results.

This pandemic could result in disruptions and damage to our business, caused by both the negative impact to our ability to obtain cost effective raw materials, supplies and component parts necessary to operate our business and the negative impact on our ability to operate our facility should the coronavirus spread more broadly in the regions we are located, thereby creating an increased risk of exposure to our workforce which cannot operate our facility remotely.

The full impact of the COVID-19 outbreak continues to evolve as the date of this report.

As such, it is uncertain as to the full magnitude that the pandemic will have on our financial condition, liquidity, and future results of operations.

During the three months ended June 30, 2020, we experienced a decline in market demand for our products and services.

Additionally, we have experienced an impact to productivity as a result of implementing social distancing guidelines and personal protective measures.

Given the daily evolution of the COVID-19 outbreak and the global responses to contain its spread, we are not able to estimate the full effects of the COVID-19 outbreak at this time, however, if the pandemic continues, it may have an adverse effect on our results of operations, financial condition, or liquidity for fiscal year 2020.

Mitigation efforts will not completely prevent our business from being adversely affected, and the longer the pandemic impacts supply and demand and the more broadly the pandemic spreads, it is more likely that the impact on our business, revenues and operating results will become increasingly negative.

Per the guidance issued from the Cybersecurity and Infrastructure Security Agency (“CISA”), part of the United States Department of Homeland Security, the Company and its subsidiaries, are considered “essential businesses”.

We fall into multiple categories within the guidance but specifically within 1) Energy & Electricity Industry and 2) Critical Manufacturing as we provide essential services and products for the energy sector.

While we cannot guarantee that we will continue to be considered an “essential business,”

this guidance and exception allow work at our facilities to continue in order to provide products and services to our customers.

Moreover, the COVID-19 pandemic has created significant economic uncertainty and volatility in the credit and capital markets.

A continuation or worsening of the levels of market disruption and volatility seen in the recent past could have an adverse effect on our ability to access capital and on the market price of our common stock.

In addition, a significant outbreak of COVID-19 or other infectious diseases could result in a widespread health crisis that could adversely affect the economies and financial markets worldwide, resulting in an economic downturn that could impact our business, financial condition and results of operations.

as set forth below, there have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for

the year ended December 31, 2019.

ongoing COVID-19 pandemic may adversely affect our business.

The ongoing global coronavirus pandemic

could have a negative impact on our revenues and operating results.

This pandemic could result in disruptions and damage to our

business, caused by both the negative impact to our ability to obtain cost effective raw materials, supplies and component parts

necessary to operate our business and the negative impact on our ability to operate our facility should the coronavirus spread

more broadly in the regions we are located, thereby creating an increased risk of exposure to our workforce which cannot operate

our facility remotely.

The full impact of the COVID-19 pandemic continues to evolve as the date of this report.

As such, it is

uncertain as to the full magnitude that the pandemic will have on our financial condition, liquidity, and future results of operations.

During the three months ended September 30, 2020, we continued to experience a decline in market demand for our products and services.

Additionally, we continued to experience an impact to productivity as a result of implementing social distancing guidelines and

personal protective measures.

Given the daily evolution of the COVID-19 pandemic and the global responses to contain its spread,

we are not able to estimate the full effects of the COVID-19 pandemic at this time, however, if the pandemic continues, it may

have an adverse effect on our results of operations, financial condition, or liquidity for fiscal year 2020.

Mitigation efforts

will not completely prevent our business from being adversely affected, and the longer the pandemic impacts supply and demand and

the more broadly the pandemic spreads, it is more likely that the impact on our business, revenues and operating results will become

increasingly negative.

the guidance issued from the Cybersecurity and Infrastructure Security Agency (“CISA”), part of the United States

Department of Homeland Security, we and our subsidiaries, are considered “essential businesses”.

We fall into multiple

categories within the guidance but specifically within 1) Energy & Electricity Industry and 2) Critical Manufacturing as we

provide essential services and products for the energy sector.

we cannot guarantee that we will continue to be considered an “essential business,”

this guidance and exception allow

work at our facilities to continue in order to provide products and services to our customers.

the COVID-19 pandemic has created significant economic uncertainty and volatility in the credit and capital markets.

A continuation

or worsening of the levels of market disruption and volatility seen in the recent past could have an adverse effect on our ability

to access capital and on the market price of our common stock.

In addition, the continuation of the COVID-19 pandemic or a significant

outbreak of other infectious diseases could result in a widespread health crisis that could adversely affect the economies and

financial markets worldwide, resulting in an economic downturn that could impact our business, financial condition and results

of operations.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

1 unchanged sentence

MINE SAFETY DISCLOSURES

Not applicable.

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.

What changed 10-Q

Item 1A. Risk Factors