2 unchanged sentences
You should carefully consider the risk factors set forth below and in the Annual Report on Form 10-K, and other information set forth elsewhere in this Quarterly Report on Form 10-Q.
−Removed: You should be aware that these risk factors and other information may not describe every risk facing our company.
−Removed: In addition, the risks and uncertainties not currently known to us or that we currently do not believe are material could also materially and adversely affect our business, financial condition or results of operations.
+Added: You should be aware that these risk factors and other information may not describe every risk facing the Company.
+Added: In addition, risks and uncertainties not currently known to us or that we currently do not believe are material could also materially and adversely affect our business, financial condition or results of operations.
An impairment charge of goodwill or other intangibles could have a material adverse impact on our results of operations.
−Removed: Goodwill was $17.9 million as of March 31, 2023, and December 31, 2022, of which $3.0 million is allocated to the Security Solutions segment and $14.9 million is allocated to the Secure Networks segment.
−Removed: Intangible assets were $33.8 million and $37.4 million as of March 31, 2023, and December 31, 2022, respectively.
+Added: Goodwill was $17.9 million as of June 30, 2023, and December 31, 2022, of which $3.0 million is allocated to the Security Solutions segment and $14.9 million is allocated to the Secure Networks segment.
+Added: Intangible assets were $37.8 million and $37.4 million as of June 30, 2023, and December 31, 2022, respectively.
Under generally accepted accounting principles ("GAAP"), we are required to test the carrying value of goodwill and intangible assets at least annually or sooner if events occur that indicate impairment could exist.
4 unchanged sentences
In addition, if the revenue and cash flows generated from any of our other intangible assets is not sufficient to support its net book value, we may be required to record an impairment charge.
−Removed: During the first quarter of 2023, the price per share of our common stock as traded on the NASDAQ Global Market declined below net book value per share.
+Added: During the first half of 2023, the price per share of our common stock as traded on the NASDAQ Global Market declined below net book value per share.
If our stock price remains below net book value per share or other negative business factors described above exist, we may be required to perform a goodwill impairment analysis before the end of the year.
17 unchanged sentences
government priorities, policies and requirements could have a material adverse effect on our results of operations, financial condition or liquidity.
−Removed: Furthermore, a U.S.
−Removed: government default on its sovereign debt would have broad adverse macroeconomic effects that could materially and adversely affect our results of operations, financial condition or liquidity.
Unregistered Sales of Equity Securities and Use of Proceeds
3 unchanged sentences
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.