Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.3 It was founded by Sanjit Biswas and John Bicket.1 Its revenue was $300 million in 2019.1Wikipedia text CC BY-SA 4.0
Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue1112136$1.6B in 2026+548% since 2021Gross profit1112136$1.2B in 2026+612% since 2021Operating income1112136-$52.6M in 2026−75% since 2021Net income1112136-$9.1M in 2026−96% since 2021
Revenue141516$508.4M in Q2 FY2026+30% since Q2 FY2025Gross profit141516$392.6M in Q2 FY2026+30% since Q2 FY2025Operating income141516$4.9M in Q2 FY2026Net income141516$16.2M in Q2 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
Revenue
$1.6B
$1.2B
$937.4M
Cost of revenue
$376.5M
$298.3M
$247.0M
Gross profit
$1.2B
$950.9M
$690.4M
Research and development
$344.6M
$299.7M
$258.6M
Sales and marketing
$683.8M
$601.6M
$486.6M
General and administrative
$266.3M
$234.6M
$195.0M
Lease modification, impairment, and related charges
$0
$4.0M
$4.8M
Legal settlement
$0
$850.0K
$68.7M
Total operating expenses
$1.3B
$1.1B
$1.0B
Loss from operations
-$52.6M
-$190.0M
-$323.3M
Interest income and other income, net
$53.5M
$39.6M
$40.0M
Income (loss) before provision for income taxes
$906.0K
-$150.4M
-$283.4M
Provision for income taxes
$10.0M
$4.5M
$3.3M
Net loss
-$9.1M
-$154.9M
-$286.7M
Foreign currency translation adjustments, net of tax
$3.5M
-$2.5M
$838.0K
Unrealized gains on investments, net of tax
$1.8M
$41.0K
$1.4M
Total other comprehensive income (loss)
$5.2M
-$2.5M
$2.3M
Comprehensive loss
-$3.9M
-$157.4M
-$284.5M
Net loss per share, basic (in dollars per share)
-$0.02
-$0.28
-$0.54
Net loss per share, diluted (in dollars per share)
-$0.02
-$0.28
-$0.54
Weighted-average shares used in computing net loss per share, basic (in shares)
573.5M shares
556.3M shares
534.9M shares
Weighted-average shares used in computing net loss per share, diluted (in shares)
573.5M shares
556.3M shares
534.9M shares
No quarter-by-quarter statement was filed.
Total assets1112136$2.5B in 2026+62% since 2022Total liabilities1112136$1.1B in 2026+93% since 2022Shareholders’ equity1112136$1.4B in 2026Cash1112136$318.8M in 2026+35% since 2020
Total assets17151614$2.8B in Q2 FY2026+25% since Q2 FY2025Total liabilities17151614$1.2B in Q2 FY2026+18% since Q2 FY2025Shareholders’ equity141516$1.6B in Q2 FY2026+32% since Q2 FY2025Cash141516$291.4M in Q2 FY2026+13% since Q2 FY2025
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
2021-12-31
Cash and cash equivalents
$318.8M
$227.6M
Restricted cash, current
$6.1M
$0
Short-term investments
$515.0M
$467.2M
Accounts receivable, net
$321.4M
$234.0M
Inventories
$48.2M
$38.9M
Connected device costs, current
$142.9M
$119.3M
Deferred commissions, current
$85.5M
$67.1M
Prepaid expenses and other current assets
$69.3M
$58.1M
Total current assets
$1.5B
$1.2B
Restricted cash, non-current
$0
$18.2M
Long-term investments
$403.1M
$282.7M
Property and equipment, net
$81.6M
$58.2M
Operating lease right-of-use assets
$60.3M
$64.9M
Connected device costs, non-current
$297.2M
$242.9M
Deferred commissions, non-current
$176.4M
$142.2M
Other assets
$14.9M
$3.0M
Total assets
$2.5B
$2.0B
Accounts payable
$47.7M
$64.0M
Accrued expenses and other current liabilities
$102.1M
$75.0M
Accrued compensation and benefits
$75.4M
$43.4M
Deferred revenue, current
$679.3M
$563.3M
Operating lease liabilities, current
$12.6M
$15.7M
Total current liabilities
$917.0M
$761.3M
Deferred revenue, non-current
$129.7M
$122.5M
Operating lease liabilities, non-current
$60.2M
$64.6M
Other liabilities
$13.3M
$6.6M
Total liabilities
$1.1B
$955.1M
Preferred stock, $0.0001 par value400,000,000 shares authorized as of January 31, 2026 and February 1, 2025; zero shares issued and outstanding as of January 31, 2026 and February 1, 2025
$0
$0
Additional paid-in capital
$3.0B
$2.7B
Accumulated other comprehensive income (loss)
$4.4M
-$846.0K
Accumulated deficit
-$1.6B
-$1.6B
Total stockholders equity
$1.4B
$1.1B
$915.1M
$938.0M
Total liabilities and stockholders equity
$2.5B
$2.0B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
$0.00
Preferred stock, authorized (in shares)
400.0M shares
400.0M shares
400.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
Common stock, authorized (in shares)
5.8B shares
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
2021-12-31
Cash and cash equivalents
$318.8M
$227.6M
Restricted cash, current
$6.1M
$0
Short-term investments
$515.0M
$467.2M
Accounts receivable, net
$321.4M
$234.0M
Inventories
$48.2M
$38.9M
Connected device costs, current
$142.9M
$119.3M
Deferred commissions, current
$85.5M
$67.1M
Prepaid expenses and other current assets
$69.3M
$58.1M
Total current assets
$1.5B
$1.2B
Restricted cash, non-current
$0
$18.2M
Long-term investments
$403.1M
$282.7M
Property and equipment, net
$81.6M
$58.2M
Operating lease right-of-use assets
$60.3M
$64.9M
Connected device costs, non-current
$297.2M
$242.9M
Deferred commissions, non-current
$176.4M
$142.2M
Other assets
$14.9M
$3.0M
Total assets
$2.5B
$2.0B
Accounts payable
$47.7M
$64.0M
Accrued expenses and other current liabilities
$102.1M
$75.0M
Accrued compensation and benefits
$75.4M
$43.4M
Deferred revenue, current
$679.3M
$563.3M
Operating lease liabilities, current
$12.6M
$15.7M
Total current liabilities
$917.0M
$761.3M
Deferred revenue, non-current
$129.7M
$122.5M
Operating lease liabilities, non-current
$60.2M
$64.6M
Other liabilities
$13.3M
$6.6M
Total liabilities
$1.1B
$955.1M
Preferred stock, $0.0001 par value400,000,000 shares authorized as of January 31, 2026 and February 1, 2025; zero shares issued and outstanding as of January 31, 2026 and February 1, 2025
$0
$0
Additional paid-in capital
$3.0B
$2.7B
Accumulated other comprehensive income (loss)
$4.4M
-$846.0K
Accumulated deficit
-$1.6B
-$1.6B
Total stockholders equity
$1.4B
$1.1B
$915.1M
$938.0M
Total liabilities and stockholders equity
$2.5B
$2.0B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
$0.00
Preferred stock, authorized (in shares)
400.0M shares
400.0M shares
400.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
Common stock, authorized (in shares)
5.8B shares
Cash from operations1112136$236.2M in 2026Capital spending1112136$28.8M in 2026−10% since 2021Free cash flow1112136$207.4M in 2026Share buybacks1112$0 in 2024
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
Net loss
-$9.1M
-$154.9M
-$286.7M
Depreciation and amortization
$24.0M
$20.6M
$15.5M
Stock-based compensation expense
$315.0M
$277.9M
$237.1M
Net accretion of discounts on investments
-$10.6M
-$15.3M
-$16.9M
Lease modification, impairment, and related charges
$0
$3.5M
$4.8M
Non-cash legal settlement
$0
$0
$8.7M
Other
$3.5M
$1.8M
$4.6M
Accounts receivable, net
-$144.7M
-$75.5M
-$46.4M
Inventories
-$19.1M
-$22.4M
$18.3M
Prepaid expenses and other current assets
-$7.7M
-$6.9M
-$29.1M
Connected device costs
-$74.5M
-$27.5M
-$57.9M
Deferred commissions
-$51.3M
-$31.8M
-$37.4M
Other assets
-$4.3M
$4.4M
$509.0K
Accounts payable and other liabilities
$97.7M
$37.3M
$26.6M
Deferred revenue
$116.5M
$120.3M
$138.9M
Operating lease liabilities
$795.0K
$114.0K
$7.6M
Net cash provided by (used in) operating activities
$236.2M
$131.7M
-$11.8M
Purchases of property and equipment
-$28.8M
-$20.2M
-$11.0M
Purchases of investments
-$873.5M
-$649.5M
-$740.5M
Proceeds from sales of investments
$0
$1.2M
$8.2M
Proceeds from maturities and redemptions of investments
$714.0M
$602.0M
$664.7M
Other investing activities
-$1.4M
-$200.0K
-$50.0K
Net cash used in investing activities
-$189.5M
-$66.6M
-$78.7M
Proceeds from issuance of common stock from equity compensation plans
$30.9M
$28.8M
$23.2M
Other financing activities
-$928.0K
-$1.7M
-$2.2M
Net cash provided by financing activities
$29.9M
$27.1M
$21.0M
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash
$2.4M
-$1.1M
$477.0K
Net increase (decrease) in cash, cash equivalents, and restricted cash
Samsara sits at the top of its group. 11 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Samsara Technologies India Private Limited Subsidiary · India
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Samsara reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We are a Delaware corporation with a globally distributed workforce. We recruit and hire employees in jurisdictions around the world based on a range of factors, including the available talent pool, the type of work being performed, the relative cost of labor, regulatory requirements and costs, and other considerations. As of January 31, 2026, our principal offices consisted of approximately 133,000 square feet of leased property in San Francisco, California. We also lease office space for our operations in various locations throughout the United States, as well as office space in a number of countries in Europe, North America, and Asia. All of our offices are leased and we do not own any real property. We believe that our current facilities are adequate to meet our foreseeable needs, and that, should it be needed, suitable additional or alternative space will be available to accommodate any expansion of our operations.
Samsara was founded in 2015 by Sanjit Biswas and John Bicket, who had previously co-founded and sold Meraki to Cisco Systems in 2012. The company was initially created to provide sensor technology for industrial operations, with Andreessen Horowitz as an early Series A round investor.
The company experienced rapid growth, achieving unicorn status in March 2018 with a valuation of over $1 billion. A series of subsequent funding rounds, backed by investors including Andreessen Horowitz, General Catalyst, and Tiger Global Management, raised the company's valuation to $6.3 billion by September 2019.
In December 2021, Samsara held an initial public offering on the New York Stock Exchange under the ticker symbol "IOT". The company sold 35 million shares, raising $805 million at a valuation of $11.5 billion.
By December 2023, Samsara announced that it had surpassed $1 billion in annual recurring revenue (ARR).
In 2022, the company filed a bid protest against the U.S. Postal Service's decision to award a $300 million contract to Geotab, a challenge that was ultimately unsuccessful.
Samsara has been recognized with several workplace awards, including being named one of Glassdoor's Best Places to Work in 2023 and among the Best-Led Companies in 2024.
Several market research reports place Samsara as one of the leading providers in the commercial telematics market. The company is often ranked as a market leader, particularly in North America, alongside competitors including Geotab, Lytx, and Wialon.
The company has established partnerships with several major vehicle manufacturers, including Ford Motor Company, General Motors, and Navistar, to integrate its technology with their vehicles. In addition to its commercial clients, such as DHL and Sysco, Samsara also provides its fleet telematics system to public-sector organizations including the cities of Boston, Houston, and New Orleans, and the states of New Jersey and Tennessee.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
1,198 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 37 major events, 766 insider forms, 95 large holders, 281 other. The latest 20:
820 open-market trades by officers, directors and large owners since October 2021: 6 buys and 814 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks Samsara names in Item 1A of its 10-K filed Mar 16, 2026: 75 risks under these headings, as written.18
Risks Related to Our Business, Industry, and Operations
Our rapid growth makes it difficult to evaluate our future prospects and increases the risk that we will not continue to grow at or near historical rates.
We have a history of losses and may not be able to achieve our profitability targets in the future.
We face risks associated with the growth of our business in new use cases.
If we are unable to attract new customers, our future revenue and results of operations will be harmed.
If we are unable to retain and expand our relationships with existing customers, our financial position and results of operations will be harmed.
We rely heavily on direct sales to sell subscriptions to access our Connected Operations Platform.
The length of our sales cycle can be unpredictable, particularly with respect to sales to larger customers, and our sales efforts may require considerable time and expense.
Our ability to achieve customer renewals and increase sales of subscriptions to our solution is dependent on the quality of our customer outcomes team, and our failure to offer high quality support would have an adverse effect on our business, reputation, and results of operations.
If we fail to effectively manage our growth, our business, financial condition, and results of operations could be harmed.
We face intense and increasing competition, and we may not be able to compete effectively, which could reduce demand for our solution and adversely affect our business, revenue growth, and market share.
Our dependence on a limited number of joint design manufacturers and suppliers of manufacturing services and critical components within our supply chain for our IoT devices may adversely affect our ability to sell subscriptions to our Connected Operations Platform, our margins, and our results of operations.
The other 64 risks
Managing the supply of our IoT devices is complex. Insufficient supply and inventory may result in lost sales opportunities or delayed revenue, while excess inventory may harm our results of operations.
We may not be able to successfully execute our strategic initiatives or meet our long-term financial goals.
If we are not able to develop and timely introduce new technologies for our Connected Operations Platform that achieve market acceptance, keep pace with technological developments, and meet existing and emerging regulatory requirements, our business, financial condition, and results of operations would be harmed.
If we experience a security breach or incident affecting our customers’ assets or data, our data or IoT devices, our Data Platform, or other systems, our Connected Operations Platform may be perceived as not being secure or safe, our reputation may be harmed, and our business, financial condition, and results of operations could be materially and adversely affected.
Abuse or misuse of our internal platform controls and system tools could cause significant harm to our business and reputation.
Business disruptions or performance problems associated with our technology and infrastructure, including interruptions, delays, or failures in service from our third-party data center hosting facilities and other third parties, could adversely affect our business, financial condition, and results of operations.
We rely on third-party software for certain essential financial and operational services, and a failure or disruption in these services could materially and adversely affect our ability to manage our business effectively.
If we fail to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, or changing customer needs, requirements or preferences, our Connected Operations Platform may become less competitive.
Issues and uncertainty in the development, deployment, and use of AI in our solution, in our business, and by our customers may subject us to liability and may harm our reputation and operating results.
Our Connected Operations Platform relies on cellular and satellite networks and any disruption, failure, or increase in costs of these networks could adversely affect the functionality of our solution, impede our profitability, and harm our results of operations.
If we do not develop IoT devices that are compatible with third-party hardware, software, and infrastructure, including the many evolving wireless industry standards, our ability to introduce and sell new subscriptions to access our Connected Operations Platform, or to renew existing subscriptions, could suffer.
The competitive position of our Connected Operations Platform depends in part on its ability to operate with a wide variety of data sources and infrastructure, and if we are not successful in maintaining and expanding the compatibility of our solution with such data sources and infrastructure, our business, financial condition, and results of operations could be adversely impacted.
Our ability to grow our business is dependent in part on strategic relationships we develop and maintain with third parties.
We may not be able to maintain and expand our business if we are not able to hire, retain, and manage qualified personnel, and in particular, our key personnel.
If we cannot maintain our company culture, our success and our business and competitive position may be harmed, and our attempts to operate under a flexible work model may not be successful and may adversely impact our business.
If we are not able to maintain, enhance, and protect our brand, our business, financial condition, and results of operations may be harmed.
We typically provide service-level commitments under our subscription agreements and may provide product performance obligations, warranties or commitments to larger customers. If we fail to meet these contractual commitments, we could be obligated to provide credits for future service or other remedies, or face subscription termination with prorated refunds of prepaid amounts or breach of contract claims, which could lower our revenue, require personnel time or company resources to remedy the issue, and harm our reputation, business, financial condition, and results of operations.
A real or perceived defect, security vulnerability, error, or performance failure in our Connected Operations Platform could cause us to lose revenue, damage our reputation, and expose us to liability, and our product liability insurance may not adequately protect us.
Challenges in implementation or incorrect use of, or failure to update, our solution could result in customer dissatisfaction and negatively affect our business and growth prospects.
We may be subject to product liability, warranty, and recall claims that may increase the costs of doing business and adversely affect our business, financial condition, and results of operations.
Our current operations are international in scope, and we plan further geographic expansion, creating a variety of operational and regulatory challenges.
Risks Related to Our Intellectual Property
Failure to identify and protect our proprietary technology and intellectual property rights could substantially harm our business and results of operations.
There can be no assurance that our intellectual property rights are enforceable or otherwise will be upheld as valid, or that our applications will be granted.
Confidentiality agreements with employees and others may not adequately protect our intellectual property rights and proprietary technology or prevent the disclosure of trade secrets.
We may become subject to additional intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
Our exposure to risks associated with the use of intellectual property may be increased as a result of any future acquisitions we may complete.
Our use of open source software could negatively affect our ability to sell subscriptions to our Connected Operations Platform and subject us to possible litigation.
Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, misappropriation, or violation and other losses.
We rely on the availability of licenses to third-party technology that may be difficult to replace or that may cause errors or delay implementation of our solution should we not be able to continue or obtain a commercially reasonable license to such technology.
Risks Related to Government Regulation
Federal and other governments and independent standards organizations have implemented and may implement in the future significant regulations or standards that could adversely affect our ability to produce, market, or sell subscriptions to our solution.
Reductions in regulation of our customers’ physical operations may adversely impact demand for our solution by reducing the necessity for, or desirability of, certain of our Applications.
Failure to comply with laws, regulations, executive orders, and directives applicable to our business could subject us to fines and penalties and could also cause us to lose customers or otherwise harm our business, financial condition, and results of operations.
We are subject to stringent and changing laws, regulations, standards, and contractual obligations related to privacy, data protection, and cybersecurity. Any actual or perceived failure to comply with such obligations could harm our business.
Failure to comply with anti-corruption and anti-money laundering laws, including the FCPA and similar laws associated with our activities outside of the United States, could subject us to penalties and other adverse consequences.
A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks.
Failure to comply with laws, regulations, policies, or contractual provisions applicable to our business could cause us to lose government customers or our ability to contract with the U.S. and other governments.
We are required to comply with governmental export control, economic sanctions, and import laws and regulations. Our failure to comply with these laws and regulations could have an adverse effect on our business, financial condition, and results of operations.
Our failure to comply with the requirements of applicable environmental legislation and regulation could have a material adverse effect on our revenue and profitability.
Regulations related to conflict minerals may cause us to incur additional expenses and could limit the supply and increase the costs of certain metals used in the manufacturing of our products.
We may face fines, penalties, or other costs, either directly or vicariously, if any of our partners, resellers, contractors, vendors, or other third parties fail to adhere to their compliance obligations under our policies and applicable law.
Risks Related to Finance, Accounting, and Tax Matters
Our results of operations and our business metrics have fluctuated and are likely to fluctuate significantly in future periods and may not fully reflect the underlying performance of our business, which makes our future results difficult to predict and could cause our results of operations to fall below expectations.
Seasonality may cause fluctuations in our results of operations and financial position.
If we are unable to achieve and sustain a level of liquidity sufficient to support our operations and fulfill our obligations, our business, financial condition, and results of operations could be adversely affected.
We may require additional capital to fund our business and support our growth, and any inability to generate or obtain such capital may adversely affect our business and financial condition.
Our business is exposed to risks related to third-party financing of our customers’ subscriptions to our Connected Operations Platform.
Changes in our subscription or pricing models could adversely affect our business, financial condition, and results of operations.
We recognize certain revenue streams over the term of our subscription contracts. Consequently, downturns in new sales may not be immediately reflected in our results of operations and may be difficult to discern.
Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could expose us to greater than anticipated tax liabilities.
Our international operations may subject us to potential adverse tax consequences.
If currency exchange rates fluctuate substantially in the future, the results of our operations, which are reported in U.S. dollars, could be adversely affected.
Our marketable debt securities portfolio is subject to credit, liquidity, market, and interest rate risks that could cause its value to decline and materially adversely affect our business, financial condition, results of operations, and prospects.
We could be required to collect additional sales, use, value added, digital services, withholding, or other similar taxes or be subject to other liabilities that may increase the costs our customers would have to pay for our Applications and adversely affect our results of operations.
Our ability to use our net operating loss carryforwards to offset future taxable income may be subject to certain limitations.
If our judgments or estimates relating to our critical accounting policies are based on assumptions that change or prove to be incorrect, our results of operations could be adversely affected, resulting in a decline in our stock price.
Risks Related to the Ownership of Our Class A Common Stock
Sales or distributions of substantial amounts of our Class A common stock in the public markets, or the perception that they might occur, could cause the market price of our Class A common stock to decline.
Our stock price may be volatile and may decline significantly and rapidly regardless of our operating performance, resulting in substantial losses for investors.
The multi-class structure of our common stock has the effect of concentrating voting control with those stockholders who held our capital stock prior to the completion of our initial public offering.
Our multi-class structure may negatively affect the decision by certain institutional investors to purchase or hold shares of our Class A common stock.
An active and liquid market for our Class A common stock may not be sustained, which may make it difficult for investors to sell the Class A common stock they purchase.
Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans, or otherwise will dilute all other stockholders.
If securities or industry analysts do not publish research or reports about our business, or publish negative reports about our business, our share price and trading volume could decline.
We do not intend to pay dividends for the foreseeable future.
The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members.
If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
Legal proceedings
We are involved in various legal proceedings arising from the normal course of business activities. We are not presently a party to any litigation the outcome of which, we believe, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows, or financial condition. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors. For additional information on legal proceedings, refer to the section titled “Litigation” under Note 9, “Commitments and Contingencies,” to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
