Item 1A Risk Factors
−Removed: The discussion of our business and operations should be read together with the risk factors contained in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the "Annual Report"), which was filed with the SEC and describe various material risks and uncertainties to which we are or may become subject.
−Removed: The information presented below updates and should be read in conjunction with the risk factors disclosed in our Annual Report.
−Removed: As of March 31, 2025, there have been no further material changes to such risk factors, except as follows:
−Removed: Global macroeconomic conditions, including inflation, supply chain disruptions, and fluctuations in foreign currency exchange rates, could continue to adversely affect our operations and profitability.
−Removed: Global economic conditions, geopolitical instability, and other macroeconomic factors, including inflation, supply chain disruptions, such as recent shipping disruptions in the Red Sea, interest rate and foreign currency rate fluctuations, and volatility in the capital markets could negatively impact our business, financial condition, and results of operations.
−Removed: The growth of our business and demand for our products are affected by changes in the health of the overall global economy.
−Removed: Deterioration in the global economic environment may cause decreased demand for our products which could result in lower product sales, lower prices for our products, or reduced reimbursement rates by third-party payors, while increasing the cost of operating our business.
−Removed: Macroeconomic conditions may impact our global supply chain, primarily through constraints on raw materials and electronic components.
−Removed: These constraints on raw materials and electronic components may also impact companies outside of our direct industry, which could result in a competitive supply environment causing higher costs, requiring us to commit to minimum purchase obligations as well as make upfront payments to our suppliers.
−Removed: These disruptions may impact our ability to produce and supply products in quantities necessary to satisfy customer demand, which could negatively impact our results of operations.
−Removed: Highly competitive and constrained supply chain conditions may increase our cost of sales, which may adversely impact our profitability.
−Removed: We sell our products in many countries, and we also source many components and materials for our products from and manufacture our products in various countries.
−Removed: government recently announced tariffs on product imports from certain countries, including higher tariff levels on those imported from Canada, Mexico, and China.
−Removed: These actions have resulted, and are expected to further result, in retaliatory measures on U.S.
−Removed: goods by those countries and others.
−Removed: If maintained, these recently announced tariffs, and the potential escalation of trade disputes could pose a risk to our business that could affect our revenue and cost of sourcing materials.
−Removed: The extent and duration of the tariffs and the resulting impact on general economic conditions and on our business are uncertain and are expected to be impacted by various factors, such as negotiations between the U.S.
−Removed: and affected countries, the responses of other countries or regions, exemptions or exclusions that already exist or may be granted, availability and cost of alternative sources of our products and materials, and our ability to offset the effects of any tariffs that might be imposed.
−Removed: Specific legislative and regulatory proposals may be introduced to change international trade law, regulations or interpretations thereof (possibly with retroactive effect) of various jurisdictions or limit trade relief benefits that, if enacted, could materially increase the cost of our goods to export internationally, increase our effective tax rate, or have a material adverse impact on our financial condition and results of operation.
−Removed: We cannot predict whether our own or industry initiatives to maintain, extend or create tariff relief for our products and manufacturing will be successful.
−Removed: We also cannot predict the effect, if any, of the imposition of new or increased tariffs by one country and retaliatory responses by other countries who are trade partners.
−Removed: It is possible that these changes could adversely affect our business beyond the resilience of our current supply chain and investment in manufacturing flexibility.
−Removed: Further, actions we take to adapt to new tariffs or trade restrictions may increase our costs or
−Removed: PART II – OTHER INFORMATION Item 1-6
−Removed: AND SUBSIDIARIES
−Removed: risks or may cause us to modify our operations, which could be time-consuming and expensive;
−Removed: impact pricing of our products, which could impact our sales, profitability, and our reputation;
−Removed: or cause us to forgo new business opportunities.
−Removed: Global economic conditions may impact foreign currency exchange rates relative to the U.S.
−Removed: Although the majority of our net sales and cash generation have been made in the U.S., as our business in countries outside of the U.S.
−Removed: continues to increase, our exposure to foreign currency exchange risk related to our foreign sales and operations will increase.
−Removed: Fluctuations in the rate of exchange between the U.S.
−Removed: dollar and foreign currencies, primarily the Australian Dollar, Singapore Dollar, Euro, Chinese Yuan, and Canadian Dollar, have had and could in the future have an adverse effect on our financial results, including our net sales, margins, gains and losses, as well as on the values of our assets and liabilities.
+Added: The discussion of our business and operations should be read together with the risk factors contained in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, or the Annual Report, which was filed with the SEC and describe various material risks and uncertainties to which we are or may become subject.
+Added: As of September 30, 2025, there have been no material changes to such risk factors.
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.