8 unchanged sentences
We have a limited operating history upon which investors may rely in evaluating our business and prospects.
−Removed: We have generated limited revenues to date, and as of March 31, 2021, we had an accumulated deficit of approximately $303 million.
+Added: We have generated limited revenues to date, and as of June 30, 2021, we had an accumulated deficit of approximately $315 million.
Our ability to generate revenues and achieve profitability will depend on our ability to execute our business plan, complete the development and approval of our technology, incorporate the technology into products that customers wish to buy, and if necessary, secure additional financing.
9 unchanged sentences
In addition, such securities may contain rights, preferences or privileges senior to those of current stockholders.
−Removed: As a result of economic conditions, general global economic uncertainty (including as a result of actual or perceived disruption caused by COVID-19, or other infectious diseases), political change, and other factors, we do not know whether additional capital will be available when needed, or that, if available, we will be able to obtain additional capital on reasonable terms.
+Added: As a result of economic conditions, general global economic uncertainty (including as a result of actual or perceived disruption caused by COVID-19, including the “delta” variant, or other infectious diseases), political change, and other factors, we do not know whether additional capital will be available when needed, or that, if available, we will be able to obtain additional capital on reasonable terms.
If we are unable to raise additional capital due to the volatile global financial markets, general economic uncertainty or other factors, we may be required to curtail development of our technology or reduce operations as a result, or to sell or dispose of assets.
25 unchanged sentences
The effects of state executive orders, local shelter-in-place orders, government-imposed quarantines and our work-from-home policies could negatively impact productivity, disrupt our research and development or other operations and delay the planned launch of our customers’ new products that incorporate our technology, the magnitude of which will depend, in part, on the length and severity of the continuing restrictions and other limitations on our ability to conduct our business in the ordinary course.
+Added: Several vaccines have been approved for use since the fourth quarter of 2020, with vaccination rates increasing through early 2021.
+Added: Several new variants of COVID-19 have emerged including the “delta” variant, which is now widespread, and may be more transmissible than other variants.
+Added: Vaccines approved to date have lower efficacy in combating the transmission of some of these new variants, though vaccines appear to protect against severe illness.
Due to the continuing developments and fluidity of this situation, the magnitude and duration of the pandemic and its impact on our operations and liquidity are still uncertain as of the date of this report.
−Removed: In addition, COVID-19 has resulted and may continue to result in a widespread health crisis that could contribute to increased market volatility and adversely affect the economies and financial markets of many countries, resulting in a global economic downturn that could affect interest in our products or demand by potential customers.
+Added: In addition, COVID-19, including in particular the “delta” variant, has resulted and may continue to result in a widespread health crisis that could contribute to increased market volatility and adversely affect the economies and financial markets of many countries, resulting in a global economic downturn that could affect interest in our products or demand by potential customers.
Any of these events could materially and adversely affect our business, results of operations and financial condition.
86 unchanged sentences
We intend to leverage Dialog’s sales and distribution channels and its operational capabilities to accelerate market adoption of our technology, while we focus our resources on research and development of our technology.
+Added: We were informed that Dialog Semiconductor might be acquired by the Japanese chipmaker, Renesas Electronics.
There can be no assurance that Dialog will promote our technology successfully, or that it will be successful in producing and distributing related products to our customers’ specifications.
−Removed: Dialog may have other priorities or may encounter difficulties in its own business that interfere with the success of our relationship.
−Removed: If this strategic relationship does not work as we intend, then we may be required to seek an arrangement with another strategic partner, or to develop internal capabilities, which will require a commitment of management time and our financial resources to identify a replacement strategic partner, or to develop our own production and distribution capabilities.
+Added: Dialog, under the control of Renesas Electronics, may have other priorities or strategic plans or may encounter difficulties in its own business that interfere with the success of our relationship.
+Added: If this strategic relationship does not work as we intend, then we
+Added: may be required to seek an arrangement with another strategic partner, or to develop internal capabilities, which will require a commitment of management time and our financial resources to identify a replacement strategic partner, or to develop our own production and distribution capabilities.
As a result, we may be unable without undue expense to replace this agreement with one or more new strategic relationships to promote and provide our technology which could increase our costs and delay revenues.
76 unchanged sentences
Risks Related to Personnel
+Added: We are highly dependent on key members of our executive management team.
+Added: Our inability to retain these individuals could impede our business plan and growth strategies, which could have a negative impact on our business and the value of your investment.
+Added: Our ability to implement our business plan depends, to a critical extent, on the continued efforts and services of a very small number of key executives.
+Added: If we lose the services of any of these persons, we could be required to expend significant time and money in the pursuit of replacements, which may result in a delay in the implementation of our business plan and plan of operations, including in particular the result of the appointments of Cesar Johnson and William Mannina as acting chief executive officer and acting chief financial officer, respectively, following the retirement of our former chief executive officer and president, Stephen Rizzone, and the resignation of our chief financial officer, Brian Sereda in July 2021,.
+Added: We can give no assurance that we could find satisfactory permanent replacements for these individuals on terms that would not be unduly expensive or burdensome to us.
+Added: We do not currently carry any key-person life insurance that would help us recoup our costs in the event of the death or disability of any of these executives.
We are subject to risks associated with our utilization of engineering consultants.
5 unchanged sentences
Terminating or transitioning arrangements with key consultants could result in additional costs and a risk of operational delays, potential errors and possible control issues as a result of the termination or during the transition.
−Removed: We are highly dependent on key members of our executive management team.
−Removed: Our inability to retain these individuals could impede our business plan and growth strategies, which could have a negative impact on our business and the value of your investment.
−Removed: Our ability to implement our business plan depends, to a critical extent, on the continued efforts and services of a very small number of key executives.
−Removed: If we lose the services of any of these persons, we could be required to expend significant time and money in the pursuit of replacements, which may result in a delay in the implementation of our business plan and plan of operations, including in particular the result of the establishment of the Office of the CEO by our Board in April 2021, following our chief executive officer’s announcement in connection with a temporary step down due to health reasons.
−Removed: If necessary, we can give no assurance that we could find satisfactory replacements for these individuals on terms that would not be unduly expensive or burdensome to us.
−Removed: We do not currently carry any key-person life insurance that would help us recoup our costs in the event of the death or disability of any of these executives.
Our success and growth depend on our ability to attract, integrate and retain high-level engineering talent.
13 unchanged sentences
As a public company, we are required to maintain internal control over financial reporting and to report any material weaknesses in such internal controls.
−Removed: Although our management has determined that our internal control over financial reporting was effective as of March 31, 2021, we cannot assure you that we will not identify any material weakness in our internal control in the future.
+Added: Although our management has determined that our internal control over financial reporting was effective as of June 30, 2021, we cannot assure you that we will not identify any material weakness in our internal control in the future.
We qualify as a “smaller reporting company” under new SEC rules such that we are not required to file an auditor attestation report.
10 unchanged sentences
The market price of our common stock has fluctuated significantly since our initial public offering in 2014.
−Removed: Our common stock has experienced an intra-day trading high of $7.69 per share and a low of $1.69 per share on The Nasdaq Stock Market over the last 52 weeks, as of May 1, 2021.
The price of our common stock is likely to continue to fluctuate significantly in response to many factors that are beyond our control, including:
1 unchanged sentence
actual or anticipated variations in operating results;
−Removed: general economic conditions and perceptions of future economic growth prospectus in the economy at large, including as a result of the impact of the COVID-19 pandemic;
+Added: general economic conditions and perceptions of future economic growth prospectus in the economy at large, including as a result of the impact of the COVID-19 pandemic, including in particular the “delta” variant;
the limited number of holders of our common stock;
56 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.