Risk Factors.
−Removed: There were no material changes during the first quarter of 2020 to the risk factors identified in the Company’s 2019 Form 10-K, except as noted below.
−Removed: The current Covid-19 pandemic and the global attempt to contain it may adversely impact our business, our future results of operations and our overall financial performance.
+Added: There were no material changes to the risk factors identified in the Company’s 2019 Form 10-K, except as noted below.
+Added: The ongoing and developing Covid-19 pandemic and the global attempt to contain it may adversely impact our business, our future results of operations and our overall financial performance.
The global spread of Covid-19 and the various attempts to contain it have created significant volatility, uncertainty and economic disruption.
In response to government mandates and health care advisories, we have altered certain aspects of our operations.
−Removed: Our workforce has had to spend a significant amount of time working from home, which may impact productivity, and we have curtailed all company travel to ensure the safety of our employees, customers, vendors, and shareholders.
−Removed: To the extent the resulting economic disruption is severe, we could see some vendors and customers negatively impacted.
+Added: Our employees spent much of the second quarter of 2020 working from home and a certain segment of our employee base continues to work from home, which may impact productivity.
+Added: We have curtailed all company travel to ensure the safety of our employees, customers, vendors, and shareholders.
+Added: The economic disruption has adversely impacted many of our customers and vendors.
The full extent to which the Covid-19 pandemic and the various responses to it impacts our business, operations and financial results will depend on numerous evolving factors that we may not be able to accurately predict, including:
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Such results could have a material adverse effect on our operations, business, financial condition, results of operations, or cash flows.
−Removed: We are closely monitoring the impact of the Covid-19 pandemic, continually assessing its potential effects on our business.
+Added: We are closely monitoring the ongoing and developing impact of the Covid-19 pandemic, continually assessing its potential effects on our business.
The extent to which our results are affected by Covid-19 will largely depend on future developments which cannot be accurately predicted and are uncertain, but the Covid-19 pandemic or the perception of its effects could have a material adverse effect on our business, financial condition, results of operations, or cash flows.
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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.