Risk factors

Broadwind updated its risk factors to address artificial intelligence, new U.S. tariffs, a Section 232 trade investigation, and a renewed union contract.

The company removed all merger-related risk factors involving ESSA after dropping the transaction, while retaining general regulatory and AI risks.

Accumulated deficit reached $606.8 million after a $44.0 million net loss in 2025. Manufacturing relies heavily on specific third-party CMOs abroad. Concentration of revenue remains high at 51% from key customers.

Community West Bancshares added trade tariff risks and technology resource challenges this year. Non-performing loans dropped slightly to 0.27% of total loans.

The company relies heavily on its Dot Cloud SaaS platform and IoT devices, facing rapid growth challenges and material internal control weaknesses.

Viant added new disclosures covering platform infrastructure risks, supply chain and remote work cybersecurity vulnerabilities, and Tax Receivable Agreement mechanics. Several regulatory, governance, and financing risks were dropped or reworded.

Foghorn Therapeutics faces new operational risks from using AI tools like AlphaFold and strict healthcare compliance mandates.

Forward Air faces risks centered on integrating the Omni acquisition, customer concentration, and upgraded technology systems.

HighPeak suspended dividends and faced a CEO transition after Jack Hightower stepped down in September 2025. Stock price pressure may arise if pledged shares of former CEO Jack Hightower are sold. Exiting emerging growth company status increased public reporting and compliance costs.

The risk section is entirely dominated by potential delisting from the NYSE American and its consequences. Delisting would impair stock liquidity, trigger penny stock restrictions, and complicate compliance with state securities laws for private placements and warrant exercises.

First Internet Bancorp added new risks concerning credit underwriting and government-guaranteed loan valuations while removing risks on local Indiana concentration and reputation.

Kodiak AI completed a business combination, shifting from a SPAC structure to an operating autonomous vehicle company.