−Removed: We have disclosed under "Part I, Item 1A – Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, the risk factors that may materially affect our business, financial conditions or results of operations.
+Added: We have disclosed under "Item 1A – Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, the risk factors which may materially affect our business, financial conditions or results of operations.
Except as set forth below, there have been no material changes from the risk factors previously disclosed.
1 unchanged sentence
Beginning in January 2025, the new Administration began to increase tariff rates on numerous products from a range of nations.
−Removed: Further, in early April 2025, the U.S.
−Removed: imposed a universal baseline tariff rate of 10% on all imports globally, with certain exemptions on some products.
+Added: The duration and extent of the tariffs and reciprocal tariffs, including the availability of certain exemption on some products, continue to evolve.
Changes in international trade policies, including higher tariffs on imported goods and materials, may increase the procurement costs of certain IT hardware we use, both internally or on our contracts, or sell to our customers.
These actions could have a negative effect on our business, results of operations, or financial condition.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Defaults upon Senior Securities
−Removed: Mine Safety Disclosures
−Removed: 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.