What the changes say
- No new risks were added this year.
- The foreign competition-law risk now emphasizes significant disputes, formal regulatory actions, and costly legal proceedings.
- The technology-trends risk is unchanged, while two licensing-revenue risks were removed.
What changed since the prior 10-K
Dropped
- Dropped
Customers and Distributors
Dependence on OEMs and other licensees to adopt Dolby technologies and sell products.
- Dropped
Reporting practices and uncertainty may result in fluctuations in our royalty revenue from period to period
Royalty-report corrections, retroactive royalties, and licensing revenue timing can cause period-to-period volatility.
Reworded
- 37% rewritten
Any or all of these factors, and the uncertainties associated with them, may impact our ability to operate in foreign countries and our ability to develop, the demand for, and profitability of, our technologies and products, as well as our customers' products that incorporate our technologies
Removed the resolved South Korean investigation example and added risks from significant disputes, formal regulatory actions, costly legal proceedings, and prohibited foreign business practices.
- 25% rewritten
TECHNOLOGY TRENDS AND DEVELOPMENTS
No substantive change; the risk still covers rapid technology change, evolving standards, customer demand, and product obsolescence affecting growth.
Risk factor headings as read
Headings as the filing states them, in filing order.
Other
- 01TECHNOLOGY TRENDS AND DEVELOPMENTS25% rewritten
- 02LEGAL AND REGULATORY COMPLIANCE
- 03Any or all of these factors, and the uncertainties associated with them, may impact our ability to operate in foreign countries and our ability to develop, the demand for, and profitability of, our technologies and products, as well as our customers' products that incorporate our technologies37% rewritten
- 04Moreover, the Dolby family and their affiliates may take actions in their own interests that our other stockholders do not view as beneficial
Other Dolby Laboratories 10-Ks
- FY2024 10-K risk factorsRisk factors section under review
Licensing revenue depends on OEM adoption, non-exclusive agreements, and royalty-reporting timing outside Dolby’s control.
Filed Nov 19, 2024
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.