Risk factors

SmartKem faces severe financial strain with $125.1 million in accumulated deficit, continuous net losses, and Nasdaq listing deficiencies.

Virco Mfg Corporation highlights growing risks around artificial intelligence adoption in educational environments, rising healthcare expenses, and evolving trade policies.

Series O Preferred Stock dividend and conversion terms dominate the risk section.

Skillsoft is restructuring its Global Knowledge business while expanding platform investments and AI features.

Auditors warn of going concern doubt as accumulated deficit reaches $43.3 million as of December 31, 2025.

SolarMax faces mounting debt defaults, working capital deficits, and Nasdaq delisting warnings amidst new BESS project execution risks.

Customer concentration increased, with the top three customers accounting for 51.5% of revenue in 2025.

RCM Technologies faces material weaknesses in internal controls requiring comprehensive remediation.

Accumulated deficit grew to $75,015,126 alongside ongoing net losses. Supplier concentration increased with 75% of drug portfolio manufactured by three overseas suppliers. Nasdaq compliance remains precarious despite trading slightly above the $1.00 minimum bid price.

Caleres highlights significant risks from new 2025 tariffs on imported footwear, reliance on key suppliers Nike, Skechers, and adidas, and macroeconomic pressures impacting discretionary retail spending.

ChargePoint added artificial intelligence compliance, climate reporting, and foreign currency exchange risks to its disclosures.

International revenue heavily depends on the Netherlands at 14.7 percent and China at 11.0 percent for fiscal year 2025. Diluted share counts and convertible debt obligations from Novel impact net loss calculations. Financial reporting relies on internal controls with inherent limitations.