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Our debt levels could adversely affect our ability to raise additional capital to pay dividends, repurchase our shares of common stock and fund our operations or limit our ability to react to changes in our industry or the economy.
−Removed: As of December 31, 2025, our balance outstanding under the Amended Credit Agreement for our Term Loan Facility (as defined herein), was $47.5 million.
−Removed: There was no outstanding balance on the Revolving Facility (as defined herein) as of December 31, 2025.
−Removed: The Facilities mature in March 2026, before which time we intend to enter into a new borrowing facility.
−Removed: Our ability to obtain a new borrowing facility will depend on, among other things, conditions in the credit markets, prevailing interest rates, the willingness of lenders to provide new commitments, and the status of our business, results of operation and financial condition at the time of the refinancing.
−Removed: Even if we are able to enter into a new borrowing facility, the terms of such facility could be less favorable than the terms of the current Facilities, including but not limited to higher interest rates, increased fees, more restrictive financial and operating covenants, additional collateral requirements, and/or reduced borrowing capacity, any of which could increase our borrowing costs and limit our financial and operating flexibility.
+Added: As of March 31, 2026, there was no outstanding balance under our Term Loan Facility (as defined herein) or our Revolving Facility (as defined herein).
+Added: The Facilities matured in March 2026.
+Added: On May 7, the Company, as borrower, and certain domestic subsidiaries, as guarantors, entered into the 2026 Credit Agreement with PNC and the Lenders, and PNC, as administrative agent for the lenders, pursuant to which PNC provided the Company with the 2026 Revolving Facility.
In the future we may need to raise additional capital to finance our payment of dividends or repurchase shares of our common stock and fund our growth and operational goals.
−Removed: If additional financing is not available when required or on acceptable terms, we may not be able to pay dividends, repurchase shares of common stock, expand our
−Removed: business, develop or enhance our products, take advantage of business opportunities or respond to competitive pressures, which could result in lower revenues and reduce the competitiveness of our products.
+Added: If additional financing is not available when required or on acceptable terms, we may not be able to pay dividends, repurchase shares of common stock, expand our business, develop or enhance our products, take advantage of business opportunities or respond to competitive pressures, which could result in lower revenues and reduce the competitiveness of our products.
In addition, any potential debt level increases could have important consequences, including:
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Accordingly, our ability to determine with certainty the origin and chain of custody of these raw materials is limited.
−Removed: We may face reputational challenges that could impact future sales if we determine that certain of our products contain minerals not
−Removed: determined to be conflict free or if we are unable to verify with sufficient accuracy the origins of all conflict minerals used in our products.
+Added: We may face reputational challenges that could impact future sales if we determine that certain of our products contain minerals not determined to be conflict free or if we are unable to verify with sufficient accuracy the origins of all conflict minerals used in our products.
Risks Related to Our Common Stock
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Pera is entitled to vote his shares in his own interests, which may not always be in the interests of our stockholders generally.
−Removed: As of February 6, 2026, Mr.
+Added: As of May 8, 2026, Mr.
Pera beneficially owned 56,278,181 shares of our common stock.
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We are subject to export control and economic sanctions laws in the United States and elsewhere which could impair our ability to compete in international markets and subject us to liability if we do not comply with applicable laws.
−Removed: A substantial majority of our sales are into countries outside of the United States.
+Added: A majority of our sales are into countries outside of the United States.
Sales of our products into certain countries are restricted or prohibited under U.S.
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For example, changes in government regulations providing funding for capital investment in new industries, products or services, such as any government funding of products supporting wireline connectivity rather than wireless connectivity, could adversely impact products that are purchased by our end customers and adversely impact our business, results of operations and financial condition.
−Removed: Further, government requirements around the world requiring or providing preference to, domestically produced goods may limit our ability to
−Removed: sell our products to customers in such jurisdictions, impacting our ability to grow our sales in such jurisdictions, adversely impacting our revenues, operations and financial condition.
−Removed: If existing laws or regulations regarding the use of our products or services are enforced in a manner not previously contemplated by us, our channel partners or our end customers, it could expose us or them to liability and could have a material adverse effect on our financial condition, results of operations, and our brand.
+Added: Further, government requirements around the world requiring or providing preference to, domestically produced goods may limit our ability to sell our products to customers in such jurisdictions, impacting our ability to grow our sales in such jurisdictions, adversely impacting our revenues, operations and financial condition.
+Added: If existing laws or regulations regarding the use of our products or services are enforced in a manner not previously contemplated by us, our channel partners or our end customers, it could expose us or them to liability and could have a material adverse effect on our
+Added: financial condition, results of operations, and our brand.
Moreover, channel partners or end customers may require us, or we may otherwise deem it necessary or advisable, to alter our products to address actual or anticipated changes in the regulatory environment.
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However, given that the scope, interpretation, and application of these laws and regulations are often uncertain and may be conflicting, it is possible that these obligations may be interpreted and applied in a manner that is inconsistent from one jurisdiction to another and may conflict with other rules or our practices.
−Removed: Any failure or perceived failure by us or third-party service-providers to comply with our privacy or security policies or privacy-related legal obligations, or any compromise of security that results in the unauthorized release or transfer of personally identifiable information or other user data, may result in governmental enforcement actions, litigation, additional reporting requirements and/or oversight, bans or restrictions on processing personal data, orders to destroy or not use personal data, loss of customers, interruptions or stoppages in our business operations, inability to process personal data or operate in certain jurisdictions, limited ability to develop or commercialize our products and services, expenditure of time and resources to defend against claims or inquiries, changes to our business model or operation, or negative publicity, and could have an adverse effect on our brand, results of operations and financial condition.
+Added: Any failure or perceived failure by us or third-party service-providers to comply with our privacy or security policies or privacy-related legal obligations, or any compromise of security that results in the unauthorized release or transfer of personally identifiable information or other user data, may result in governmental enforcement
+Added: actions, litigation, additional reporting requirements and/or oversight, bans or restrictions on processing personal data, orders to destroy or not use personal data, loss of customers, interruptions or stoppages in our business operations, inability to process personal data or operate in certain jurisdictions, limited ability to develop or commercialize our products and services, expenditure of time and resources to defend against claims or inquiries, changes to our business model or operation, or negative publicity, and could have an adverse effect on our brand, results of operations and financial condition.
Governments are continuing to focus on privacy, cybersecurity, data protection and data security and it is possible that new privacy or data security laws will be passed or existing laws will be amended in a way that is material to our business.
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In the event of a successful warranty claim, we may also incur costs if we compensate the affected network operator or service provider.
−Removed: Such claims may require a significant amount of time and expense to
−Removed: resolve and defend against, and could also harm our reputation by calling into question the quality of our products.
+Added: Such claims may require a significant amount of time and expense to resolve and defend against, and could also harm our reputation by calling into question the quality of our products.
We also may incur costs and expenses relating to a recall of one or more of our products.
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The amount of time to resolve such audits is also unpredictable and may divert management’s attention from our business operations.
−Removed: We regularly assess the likelihood of favorable or unfavorable outcomes resulting from these audits or other reviews to determine the adequacy of our provision for income taxes.
+Added: We regularly assess the likelihood of favorable or unfavorable
+Added: outcomes resulting from these audits or other reviews to determine the adequacy of our provision for income taxes.
Although we believe our interpretation of tax laws and tax estimates are reasonable, there can be no assurance that any final determination by taxing authorities will not be materially different from the treatment reflected in our historical income tax provisions and accruals, which could materially and adversely affect our business, results of operations and financial condition.
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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.