ADDED
Such Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant s fiscal year ended December 31, 2025.
We have various categories of risks, including risks related to our business and our financial condition, risks related to the development and operations of our aiWARE platform and other products, risks related to our indebtedness and liquidity, risks relating to target markets, competition, and customers, risks related to intellectual property, risks related to regulatory compliance, and risks related to the ownership of our securities and our public company operations, which are discussed more fully below.
This risk factor summary does not contain all of the information that may be important to you, and you should read this risk factor summary together with the more detailed discussion of risks and uncertainties set forth following this section under the heading Risk Factors, as well as elsewhere in this Annual Report on Form 10-K.
Additional risks, beyond those summarized below or discussed elsewhere in this Annual Report on Form 10-K, may apply to our business, activities or operations as currently conducted or as we may conduct them in the future or in the markets in which we operate or may in the future operate.
These risks include, but are not limited to, the following: Risks Related to Our Business and Our Financial Condition Our ability to continue as a going concern depends on, among other factors, our financial condition and operating performance, which are subject to prevailing economic and competitive conditions and certain financial, business and other factors beyond our control.
Our business has been and may continue to be negatively affected by macroeconomic and geopolitical factors, including lingering economic disruption caused by international conflicts , inflation and the responses by central banking authorities to control inflation, monetary supply shifts, the imposition of tariffs and other global trade disputes, and the threat of recession in the United States and around the world.
Risks Related to our Indebtedness and Liquidity We have $45.6 million principal amount of Convertible Notes outstanding with a scheduled maturity date of November 15, 2026.
If we decide not to refinance the Convertible Notes prior to their maturity date or are unable to do so, repurchasing or repaying the Convertible Notes prior to or at maturity may require a significant amount of cash in 2026, and we may not have sufficient cash flow from our operations to pay our debt obligations.
We may require additional capital to grow our business or repay or refinance our Convertible Notes maturing in November 2026, and this capital might not be available to us on acceptable terms, if at all.
We generate significant revenue from a limited number of key customers which may cause our revenues for future periods to be less predictable.
REMOVED
As of March 24, 2025, 44,834,462 shares of the registrant s common stock were outstanding.
Management s Discussion and Analysis of Financial Condition and Results of Operations of Part II of this Annual Report on Form 10-K.
iii SUMMARY OF RISK FACTORS Investing in our common stock involves a high degree of risk.
Below is a summary of certain material factors that could harm our business, operating results and/or financial condition, impair our future prospects, and/or cause the price of our common stock to decline.
Please refer to the additional discussion of the risks summarized below in Item 1A (Risk Factors) of Part I of this Annual Report on Form 10-K, which should be carefully considered, together with other information in this Annual Report on Form 10-K and in our other filings with the SEC, before making an investment decision regarding our common stock.
Risks Related to Our Business and Our Financial Condition Our ability to continue as a going concern depends on, among other factors, our financial condition and operating performance, which are subject to factors beyond our control.
The sale of Veritone One reduced our revenue and business diversification.
The market for AI-based software applications is new and unproven and may decline or experience limited growth, and concerns over the use of AI may hinder the adoption of AI technologies.
Certain of our operating results and financial metrics are difficult to predict as a result of seasonality.
We may seek to acquire other companies, businesses or technologies, which could be expensive, divert our management s attention, fail to achieve the expected benefits or expose us to other risks.