6 unchanged sentences
The effects of the COVID-19 pandemic could adversely affect our business, results of operations, and financial condition.
−Removed: The effects of a public health crisis caused by the COVID-19 pandemic and the measures being taken in response are uncertain and difficult to predict, but may include:
+Added: The effects of the public health crisis caused by the COVID-19 pandemic and the measures being taken in response are uncertain and difficult to predict, but may include:
A decrease in the long-term demand and/or pricing for our products, and a global economic recession that could further reduce demand and/or pricing for our products, resulting from actions taken by governments, businesses, and/or the general public in an effort to limit exposure to and spreading of such infectious diseases, such as travel restrictions, quarantines, and business shutdowns or slowdowns;
9 unchanged sentences
These effects, alone or taken together, could have a material adverse effect on our business, results of operations or financial condition.
−Removed: A sustained or prolonged outbreak could exacerbate such adverse impact.
+Added: An extended period of global supply chain and economic disruption resulting from the COVID-19 pandemic and the government measures adopted in response thereto could exacerbate the foregoing effects.
In addition, the potential impacts of COVID-19 also could affect many of our risk factors included in Item 1.A.
27 unchanged sentences
Any failure to successfully adapt to, and appropriately allocate resources among, emerging technologies could harm our competitive position, reduce our share and significantly increase the time it takes us to bring popular products to market.
−Removed: There are numerous steps required to develop a product from conception to commercial introduction and to ensure timely shipment to retail customers, including designing, sourcing and testing the electronic components, receiving approval of hardware and other third-party licensors,
−Removed: factory availability and manufacturing and designing the graphics and packaging.
+Added: There are numerous steps required to develop a product from conception to commercial introduction and to ensure timely shipment to retail customers, including designing, sourcing and testing the electronic components, receiving approval of hardware and other third-party licensors, factory availability and manufacturing and designing the graphics and packaging.
Any difficulties or delays in the product development process will likely result in delays in the contemplated product introduction schedule.
3 unchanged sentences
Our business could be adversely affected by actions on trade by domestic and foreign governments.
−Removed: government has altered its approach to international trade policy and in some cases renegotiated, or terminated, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, including the North American Free Trade Agreement (“NAFTA”).
+Added: government has altered its approach to international trade policy and in some cases renegotiated, or terminated, certain existing bilateral or multi-lateral trade agreements and treaties with foreign countries, including the United States- Mexico-Canada Agreement (“USMCA”).
In addition, the U.S.
2 unchanged sentences
It remains unclear what the U.S.
−Removed: Administration or foreign governments will or will not do with respect to tariffs, NAFTA or other international trade agreements and policies.
+Added: Administration or foreign governments will or will not do with respect to tariffs, USMCA or other international trade agreements and policies.
A trade war or other governmental action related to tariffs or international trade agreements or policies has the potential to adversely impact demand for our products, our costs, customers, suppliers and/or the U.S.
29 unchanged sentences
These issues and others, may make it difficult for our suppliers and manufacturers to source raw materials or components, manufacture finished goods and export our products.
−Removed: There may be significant and material disruptions to our
−Removed: supply chain and operations, and delays in the manufacture and shipment of our products, which may then have a material adverse effect on our business or results of operations.
+Added: There may be significant and material disruptions to our supply chain and operations, and delays in the manufacture and shipment of our products, which may then have a material adverse effect on our business or results of operations.
Moreover, there can be no assurance that such manufacturers and suppliers will not refuse to supply us at prices we deem acceptable, independently market their own competing products in the future, or otherwise discontinue their relationships with us.
15 unchanged sentences
If demand for specific products increases beyond what we forecast, our suppliers and third-party manufacturers may not be able to increase production quickly enough to meet the demand.
−Removed: Our failure to meet market demand may lead to missed opportunities to increase our base of gamers, damage our relationships with retailers or harm our business;
+Added: Our failure to meet market demand may lead to missed opportunities to increase our base of gamers, damage our relationships with retailers or otherwise harm our business;
The on-going console transition increases the likelihood that we could fail to accurately forecast demand for our new generation console headsets and our existing headsets;
37 unchanged sentences
Turtle Beach relies on its partnerships with influencers, athletes and esports teams to expand our market.
−Removed: If we fail to maintain and expand these types of relationships, our business may suffer.
+Added: If we fail to maintain or expand these types of relationships, our business may suffer.
Relationships with new and established influencers, athletes and esports teams have been, and will continue to be critical to our future success.
23 unchanged sentences
In addition, we have implemented enterprise-wide initiatives that are intended to standardize business processes and optimize performance.
+Added: Further, while many of our employees and certain suppliers with whom we do business operate in a remote working environment during the COVID-19 pandemic, the risk of cybersecurity attacks and data breaches, particularly through phishing attempts, may be increased as we and third-parties with whom we interact leverage our IT infrastructure in unanticipated ways during the ongoing COVID-19 pandemic.
Any delays or difficulties in transitioning to new systems or integrating them with current systems or the failure to implement our initiatives in an orderly and timely fashion could result in additional investment of time and resources, which could impair our ability to improve existing operations and support future growth, and ultimately have a material adverse effect on our business.
148 unchanged sentences
The Credit Facility is asset based and can only be drawn down in an amount to which eligible collateral exists and can be negatively impacted by extended collection of accounts receivable, unexpectedly high product returns and slow-moving inventory, among other factors.
−Removed: In addition, we have granted the lender a first-priority lien against substantially all of our assets, including trade accounts receivable
−Removed: and inventories.
+Added: In addition, we have granted the lender a first-priority lien against substantially all of our assets, including trade accounts receivable and inventories.
Failure to comply with the operating restrictions or financial covenants could result in a default which could cause the lender to accelerate the timing of payments and exercise their lien on substantially all of our assets.
20 unchanged sentences
Any repurchases under the program will be made from time to time on the open market at prevailing market prices.
−Removed: The following table summarizes, by month, the repurchases made during the three months ended June 30, 2020, under the repurchase program and in connection with shares repurchased from employees to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
+Added: The following table summarizes, by month, the repurchases made during the three months ended September 30, 2020, under the repurchase program and in connection with shares repurchased from employees to satisfy tax withholding obligations in connection with the vesting of restricted stock awards.
Issuer Purchases of Equity Securities
2 unchanged sentences
Purchased Under
−Removed: April 1-30, 2020
−Removed: May 1-31, 2020
−Removed: June 1-30, 2020
−Removed: For the second quarter of 20 20 , we repurchased approximately $0.1 million of common shares related to employee transactions.
+Added: July 1-31, 2020
+Added: August 1-31, 2020
+Added: September 1-30, 2020
+Added: For the third quarter of 2020, we repurchased approximately $0.1 million of common shares related to employee transactions.
These amounts represent common shares repurchased from employees in an amount equal to the statutory tax liability associated with the vesting of their equity awards, which is then remitted on behalf of the employee.
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.