Corvex (MOVE) risk factors, FY2025 10-K

Corvex's FY2025 10-K, filed Mar 31, 2026, lists 85 risk factors in 8 groups. Against the prior year's 43: 63 new, 21 dropped, 4 substantially reworded.

Open MOVE in Gloom →
Corvex's chart, financials and news, free in your browser.Open MOVE in Gloom →
Risk factors listed
858 groups
New this year
63vs 43 last year
Dropped
21since the prior 10-K
Substantially reworded
4of those kept
Section length
44k wordsItem 1A

What the changes say

  • Corvex shifted from developing wearable medical rings to operating an AI cloud computing business following a merger.

What changed since the prior 10-K

New

  • New

    Failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could enable others to copy or use aspects of our platform without compensating it, which could harm our brand, business, operating results, financial condition, and prospects

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    The market price of our common stock after the merger may be affected by factors different from those that historically affected the market price of our common stock

    The merger combines Corvex and Movano, and the post-merger market price and operations may be affected by different factors than historically.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    Our business relationships may be subject to disruption due to uncertainty associated with the merger

    Business relationships may be disrupted due to uncertainty surrounding the merger, affecting contract negotiations and anticipated benefits.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    We may fail to realize the anticipated benefits of the Merger

    Integrating the independently operated Corvex and Movano divisions may disrupt existing operations and fail to achieve anticipated merger benefits.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    If the Merger does not qualify as a “reorganization” under Section 368(a) of the Code, stockholders of Corvex common stock may be required to recognize gain or loss for U.S. federal income tax purposes upon the exchange of Corvex common stock for our Common Stock in the Merger

    If the merger fails to qualify as a tax-free reorganization under Section 368(a), stockholders may recognize taxable gain or loss.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    Securities class action lawsuits and derivative lawsuits are often brought against public companies in connection with merger transactions. Even if such lawsuits are unsuccessful, defending against them can result in substantial costs and divert management’s attention

    Merger-related securities class action and derivative lawsuits could result in substantial defense costs and divert management attention.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    The expected dilution caused by the issuance of our securities in connection with the Merger may adversely affect the market price of our Common Stock

    Issuing new shares and convertible preferred stock for the merger will dilute existing stockholders and may depress our common stock price.

  • NewRisks Related to the Combined Company Following the Merger with Predecessor Movano

    Pursuant to the terms of the Merger Agreement, we are required to obtain stockholder approval for conversion of all outstanding shares of our Series C and Series D Preferred Stock into shares of our common stock. We cannot guarantee that our stockholders will approve this matter

    Stockholders must approve converting Series C and D Preferred Stock into up to 53,778,572 common shares, causing significant dilution.

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our recent growth may not be indicative of our future growth, and if we do not effectively manage our future growth, our business, operating results, financial condition, and prospects may be adversely affected

    Our AI cloud computing business launched in the first quarter of 2025, generated $4.9 million in revenue, and faces rapid capacity and cost scaling risks.

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our business would be harmed if we are not able to access sufficient power or by increased costs to procure power, prolonged power outages, shortages, or capacity constraints

    We depend on third parties for sufficient and cost-effective power for our data centers, and outages or price spikes would harm our cloud service.

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If our data center providers fail to meet the requirements of our business, or if the data center facilities experience damage, interruption, or a security breach, our ability to provide access to our infrastructure and maintain the performance of our network could be negatively impacted

    We lease US data center space from third parties, leaving us vulnerable to facility damage, disruptions, and cybersecurity breaches outside our control.

  • NewRisks Related to our AI Cloud Computing Business and Industry

    A substantial portion of our revenue is driven by a limited number of customers

    Three customers accounted for 32%, 19%, and 16% of our 2025 revenue, exposing us to severe revenue drops if demand or renewals falter.

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If we fail to efficiently enhance our platform and develop and sell new solutions and services and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, and changing customer needs, requirements, or preferences, our platform may become less competitive

  • NewRisks Related to our AI Cloud Computing Business and Industry

    As part of our growth strategy, we seek to attract and acquire customers requiring high-performance computing, such as AI, machine learning, and automated decision-making technologies, including proprietary AI algorithms and models (collectively, “AI Technologies”)

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Certain of our lease agreements require a pledge of our property and equipment as collateral, which may result in the lessors taking possession of such collateral in the event of a payment default

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our operating results may fluctuate significantly, which could make our future results difficult to predict and could cause our operating results to fall below expectations

  • NewRisks Related to our AI Cloud Computing Business and Industry

    We face intense competition and could lose market share to our competitors, which would adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    A network or data security incident against us, or our third-party providers, whether actual, alleged, or perceived, could harm our reputation, create liability and regulatory exposure, and adversely impact our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Although we maintain cybersecurity insurance, there can be no guarantee that any or all costs or losses incurred will be partially or fully recouped from such insurance or that applicable insurance in the future will be available on economically reasonable terms or at all

  • NewRisks Related to our AI Cloud Computing Business and Industry

    We make substantial investments in our technology and infrastructure, and unsuccessful investments could materially adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our platform is complex and performance problems, defects or vulnerabilities associated with our platform may adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Any failure of our IT systems or those of one or more of our IT service providers, business partners, vendors, suppliers, or other third-party service providers, or any other failure by such third parties to provide services to us may negatively impact our relationships with customers and harm our business

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Corvex has a limited operating history, which makes it difficult to evaluate our current business and prospects and increases the risks associated with investment in our common stock

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If we are unable to attract new customers, retain existing customers, and/or expand sales of our platform, solutions, and services to such customers, we may not achieve the growth we expect, which would adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If we are unable to successfully build, expand, and deploy our sales organization in a timely manner, or at all, or to successfully hire, retain, train, and motivate our sales personnel, our growth and long-term success could be adversely impacted

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If we do not or cannot maintain the compatibility of our platform with our customers’ existing technology, including third-party technologies that our customers use in their businesses, our business may be adversely affected

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If we are not able to maintain and enhance our brand, our business, operating results, financial condition, and prospects may be adversely affected

  • NewRisks Related to our AI Cloud Computing Business and Industry

    As we expand our customer base, we may become further subject to counterparty credit risk, which would adversely impact our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our long-term success may in part depend on our ability to expand the sale of our platform to customers located outside of the United States, and such international operations would expose it to risks that could have a material adverse effect on our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and expense

  • NewRisks Related to our AI Cloud Computing Business and Industry

    The sales prices of our offerings may decrease, which may reduce our margins and adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our estimates of market opportunity and forecasts of market growth may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business could fail to grow at similar rates, if at all

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Further, if AI is not broadly adopted by enterprises to the extent we expect, or if new use cases do not arise, then our opportunity may be smaller than we expect

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Future acquisitions could include real property and subject us to the general risks associated with the ownership of real property

  • NewRisks Related to our AI Cloud Computing Business and Industry

    If negative publicity arises with respect to us, our employees, our third-party suppliers, service providers, or our partners, our business, operating results, financial condition, and prospects could be adversely affected, regardless of whether the negative publicity is true

  • NewRisks Related to our AI Cloud Computing Business and Industry

    Our ability to maintain customer satisfaction depends in part on the quality of our customer support and cloud operations services. Our failure to maintain high-quality customer support and cloud operations services could have an adverse effect on our business, operating results, financial condition, and prospects

  • NewRisks Related to our AI Cloud Computing Business and Industry

    We rely on our management team and other key employees and will need additional personnel to grow our business, and the loss of one or more key employees or our inability to attract and retain qualified personnel, including members of our board of directors, could harm our business

  • NewRisks Related to our AI Cloud Computing Business and Industry

    We believe that our corporate culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmed

  • NewRisks Related to Intellectual Property

    Failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could enable others to copy or use aspects of our platform without compensating it, which could harm our brand, business, operating results, financial condition, and prospects

  • NewRisks Related to Intellectual Property

    Third parties may claim that our platform infringes, misappropriates, or otherwise violates our intellectual property rights, and such claims could be time-consuming or costly to defend or settle, result in the loss of significant rights, or harm our relationships with our customers or reputation in the industry

  • NewRisks Related to Intellectual Property

    We license technology from third parties for the development of our solutions, and our inability to maintain those licenses could harm our business

  • NewRisks Related to Intellectual Property

    Some of our technology incorporates “open-source” software, and failure to comply with the terms of the underlying open-source software licenses could adversely affect our business, results of operations, financial condition, and prospects

  • NewRisks Related to Legal Matters and Regulation

    We are subject to laws and regulations, including governmental export and import controls, sanctions, and anti-corruption laws, that could impair our ability to compete in our markets and subject it to liability if we are not in full compliance with applicable laws

  • NewRisks Related to Legal Matters and Regulation

    Our customer and counterparty diligence obligations may increase, and any failure to implement and maintain effective know-your-customer, anti-money laundering and sanctions compliance controls could adversely affect us

  • NewRisks Related to Legal Matters and Regulation

    Our business is subject to a wide range of laws and regulations, and our failure to comply with those laws and regulations could harm our business

  • NewRisks Related to Legal Matters and Regulation

    Our Medical Ring is subject to ongoing regulatory obligations and review and failure to comply with applicable regulatory requirements may adversely affect our business and operations

  • NewRisks Related to Legal Matters and Regulation

    We may become involved in litigation that may adversely affect us

  • NewRisks Related to Financial and Accounting Matters

    We incur significant costs and management resources as a result of operating as a public company

  • NewRisks Related to Financial and Accounting Matters

    We could be subject to additional tax liabilities and United States federal and global income tax reform could adversely affect it

  • NewRisks Related to Financial and Accounting Matters

    Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited

  • NewRisks Related to Financial and Accounting Matters

    If our estimates or judgments relating to our critical accounting policies prove to be incorrect or financial reporting standards or interpretations change, our operating results could be adversely affected

  • NewRisks Related to Financial and Accounting Matters

    We are exposed to fluctuations in currency exchange rates, which could negatively affect our business, operating results, financial condition, and prospects

  • NewRisks Related to the Company Generally

    Adverse global macroeconomic conditions, geopolitical risks, or reduced spending on AI and machine learning or on cloud infrastructure could adversely affect our business, operating results, financial condition, and prospects

  • NewRisks Related to the Company Generally

    Environmental, social, and governance factors may impose additional costs and expose us to new risks

  • NewRisks Related to the Company Generally

    The level of insurance coverage that we purchase may prove to be inadequate, which could materially and adversely impact our business, financial condition, and results of operations

  • NewRisks Related to Ownership of Our Common Stock

    The market price of our common stock may be volatile, and you could lose all or part of your investment

  • NewRisks Related to Ownership of Our Common Stock

    Sales of a substantial number of shares of our common stock into the public market, and particularly sales by our directors, executive officers, and principal stockholders, or the perception that these sales might occur, could cause the market price of our common stock to decline

  • NewRisks Related to Ownership of Our Common Stock

    If financial analysts issue inaccurate or unfavorable research regarding, or do not or cease to cover, our common stock, our stock price and trading volume could decline

  • NewRisks Related to Ownership of Our Common Stock

    Our amended and restated certificate of incorporation contains exclusive forum provisions for certain claims, which may limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees

  • NewRisks Related to Ownership of Our Common Stock

    Our stockholders will not be deemed to have waived our compliance with the federal securities laws and the regulations promulgated thereunder

  • NewRisks Related to Ownership of Our Common Stock

    We could be subject to securities class action litigation

  • NewRisks Related to Ownership of Our Common Stock

    Provisions in our charter documents and under Delaware law could make an acquisition of our company, which may be beneficial to our stockholders, more difficult and may limit attempts by our stockholders to replace or remove our current management and members of our board of directors

  • NewRisks Related to Ownership of Our Common Stock

    Holders of the Series A and Series B Preferred Stock have certain voting and other rights that may adversely affect holders of our common stock, and the holders of the Preferred Stock may have different interests from and vote their shares in a manner deemed adverse to, holders of our common stock

Dropped

  • DroppedRisks Related to Our Business

    We may be unable to continue as a going concern if we do not successfully raise additional capital on favorable terms, or at all, or if we fail to generate sufficient revenue from operations

  • DroppedRisks Related to Our Business

    Our efforts may never demonstrate the feasibility of our proposed CGM and blood pressure monitoring solution

    Substantial doubt about our ability to continue as a going concern due to lack of revenue and liquidity.

  • DroppedRisks Related to Our Business

    If we are not successful in attracting and retaining highly qualified personnel, we may not be able to successfully implement our business strategy

    Efforts may never demonstrate the feasibility of our CGM and blood pressure monitoring solution.

  • DroppedRisks Related to Our Business

    We will need to grow the size of our organization, and we may experience difficulties in managing this growth

  • DroppedRisks Related to Our Business

    We may acquire businesses or products, or form strategic alliances, in the future, and we may not realize the benefits of such acquisitions

    Inability to attract and retain highly qualified managerial and engineering personnel.

  • DroppedRisks Related to Our Business

    The sizes of the markets for our current and future products have not been established with precision and may be smaller than we estimate

  • DroppedRisks Related to Our Business

    Our business could be negatively impacted by corporate social responsibility and sustainability matters

    Difficulties in managing organizational growth and financial and operational resource demands.

  • DroppedRisks Related to Product Development, Manufacturing and Commercialization

    We are highly dependent on the success of our initial products, the Evie Ring and the EvieMED Ring, and cannot give any assurance that they will be successfully commercialized

    Risks of failing to realize benefits from future acquisitions, product additions, or joint ventures.

  • DroppedRisks Related to Product Development, Manufacturing and Commercialization

    If we do not successfully manage the launch and marketing of new products or services, our financial results could be adversely affected

  • DroppedRisks Related to Product Development, Manufacturing and Commercialization

    The use of artificial intelligence presents new risks and challenges to our business

  • DroppedRisks Related to Intellectual Property and Other Legal Matters

    It is difficult and costly to protect our intellectual property and our proprietary technologies, and we may not be able to ensure their protection

    Total addressable market sizes for current and future products may be smaller than estimated.

  • DroppedRisks Related to Intellectual Property and Other Legal Matters

    If we are unable to protect the confidentiality of our proprietary information and know-how, the value of our technology and products could be adversely affected

    Corporate social responsibility and sustainability matters could increase operating costs.

  • DroppedRisks Related to Intellectual Property and Other Legal Matters

    We may in the future be a party to intellectual property litigation or administrative proceedings that could be costly and could interfere with our ability to develop our products

    High dependence on the commercial success of initial products, the Evie Ring and EvieMED Ring.

  • DroppedRisks Related to Intellectual Property and Other Legal Matters

    We may be subject to claims that our employees, consultants or independent contractors have wrongfully used or disclosed confidential information of their former employers or other third parties or claims asserting ownership of what we regard as our own intellectual property

    Risks associated with managing the launch and marketing of new products or services.

  • DroppedRisks Related to Intellectual Property and Other Legal Matters

    Increased use of social media could create or amplify the effects of negative publicity and adversely affect sales and operating results

  • DroppedRisks Related to Regulation

    Our current or future products may be subject to product recalls that could harm our reputation

  • DroppedRisks Related to Regulation

    Failure to comply with privacy and security laws and regulations could result in fines, penalties and damage to our reputation and have a material adverse effect on our business

    Risks and challenges associated with the use of artificial intelligence and flawed AI algorithms.

  • DroppedRisks Related to Owning Our Securities and Our Financial Results

    Our stock price has fluctuated widely and is likely to continue to be volatile

    Difficulty and cost in obtaining, maintaining, and protecting intellectual property and 32 patents.

  • DroppedRisks Related to Owning Our Securities and Our Financial Results

    Our Certificate of Incorporation designates specific courts as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us

    Risks of involuntary disclosure or misappropriation of unpatented proprietary trade secrets and know-how.

  • DroppedRisks Related to Owning Our Securities and Our Financial Results

    We are incurring significant costs as a public company that reports to the SEC and our management is required to devote substantial time to meet compliance obligations

  • DroppedRisks Related to Owning Our Securities and Our Financial Results

    Our charter documents and Delaware law may inhibit a takeover that stockholders consider favorable

Reworded

  • 100% rewritten

    Our failure to meet the continued listing requirements of Nasdaq could result in a de-listing of our common stock

    The heading and text changed from addressing Nasdaq minimum bid price non-compliance and reverse stock splits to a general business risk summary.

  • 90% rewrittenRisks Related to Ownership of Our Common Stock

    The issuance of additional stock in connection with financings, acquisitions, our equity incentive plan, upon exercise of outstanding warrants or otherwise will dilute our existing stockholders

    Added a sentence at the end regarding the risk of Nasdaq de-listing due to failure to meet continued listing requirements.

  • 84% rewrittenRisks Related to Legal Matters and Regulation

    FDA clearance of the pulse oximetry feature of our Medical Ring does not ensure commercial success of the product

    Renamed references from 'EvieMED Ring' to 'Medical Ring' regarding FDA pulse oximetry clearance and prescription-only distribution limits.

    Was: FDA clearance of the pulse oximetry feature of our EvieMED Ring does not ensure commercial success of the product

  • 29% rewrittenRisks Related to Ownership of Our Common Stock

    Concentration of ownership among our existing executive officers, directors and significant stockholders may prevent new investors from influencing significant corporate decisions

    Updated executive and director beneficial ownership percentage from 13.1% to 19.4% as of March 19, 2026, and removed specific holdings for Leabman Holdings and Emily Fairbairn.

All 85 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could enable others to copy or use aspects of our platform without compensating it, which could harm our brand, business, operating results, financial condition, and prospectsNew
  2. 02Our failure to meet the continued listing requirements of Nasdaq could result in a de-listing of our common stock100% rewritten

Risks Related to the Combined Company Following the Merger with Predecessor Movano

  1. 03The market price of our common stock after the merger may be affected by factors different from those that historically affected the market price of our common stockNew
  2. 04Our business relationships may be subject to disruption due to uncertainty associated with the mergerNew
  3. 05We may fail to realize the anticipated benefits of the MergerNew
  4. 06If the Merger does not qualify as a “reorganization” under Section 368(a) of the Code, stockholders of Corvex common stock may be required to recognize gain or loss for U.S. federal income tax purposes upon the exchange of Corvex common stock for our Common Stock in the MergerNew
  5. 07Securities class action lawsuits and derivative lawsuits are often brought against public companies in connection with merger transactions. Even if such lawsuits are unsuccessful, defending against them can result in substantial costs and divert management’s attentionNew
  6. 08The expected dilution caused by the issuance of our securities in connection with the Merger may adversely affect the market price of our Common StockNew
  7. 09Pursuant to the terms of the Merger Agreement, we are required to obtain stockholder approval for conversion of all outstanding shares of our Series C and Series D Preferred Stock into shares of our common stock. We cannot guarantee that our stockholders will approve this matterNew

Risks Related to our AI Cloud Computing Business and Industry

  1. 10Our recent growth may not be indicative of our future growth, and if we do not effectively manage our future growth, our business, operating results, financial condition, and prospects may be adversely affectedNew
  2. 11Our business would be harmed if we are not able to access sufficient power or by increased costs to procure power, prolonged power outages, shortages, or capacity constraintsNew
  3. 12If our data center providers fail to meet the requirements of our business, or if the data center facilities experience damage, interruption, or a security breach, our ability to provide access to our infrastructure and maintain the performance of our network could be negatively impactedNew
  4. 13A substantial portion of our revenue is driven by a limited number of customersNew
  5. 14If we fail to efficiently enhance our platform and develop and sell new solutions and services and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, and changing customer needs, requirements, or preferences, our platform may become less competitiveNew
  6. 15As part of our growth strategy, we seek to attract and acquire customers requiring high-performance computing, such as AI, machine learning, and automated decision-making technologies, including proprietary AI algorithms and models (collectively, “AI Technologies”)New
  7. 16Certain of our lease agreements require a pledge of our property and equipment as collateral, which may result in the lessors taking possession of such collateral in the event of a payment defaultNew
  8. 17Our operating results may fluctuate significantly, which could make our future results difficult to predict and could cause our operating results to fall below expectationsNew
  9. 18We face intense competition and could lose market share to our competitors, which would adversely affect our business, operating results, financial condition, and prospectsNew
  10. 19A network or data security incident against us, or our third-party providers, whether actual, alleged, or perceived, could harm our reputation, create liability and regulatory exposure, and adversely impact our business, operating results, financial condition, and prospectsNew
  11. 20Although we maintain cybersecurity insurance, there can be no guarantee that any or all costs or losses incurred will be partially or fully recouped from such insurance or that applicable insurance in the future will be available on economically reasonable terms or at allNew
  12. 21We make substantial investments in our technology and infrastructure, and unsuccessful investments could materially adversely affect our business, operating results, financial condition, and prospectsNew
  13. 22Our platform is complex and performance problems, defects or vulnerabilities associated with our platform may adversely affect our business, operating results, financial condition, and prospectsNew
  14. 23Any failure of our IT systems or those of one or more of our IT service providers, business partners, vendors, suppliers, or other third-party service providers, or any other failure by such third parties to provide services to us may negatively impact our relationships with customers and harm our businessNew
  15. 24Corvex has a limited operating history, which makes it difficult to evaluate our current business and prospects and increases the risks associated with investment in our common stockNew
  16. 25If we are unable to attract new customers, retain existing customers, and/or expand sales of our platform, solutions, and services to such customers, we may not achieve the growth we expect, which would adversely affect our business, operating results, financial condition, and prospectsNew
  17. 26If we are unable to successfully build, expand, and deploy our sales organization in a timely manner, or at all, or to successfully hire, retain, train, and motivate our sales personnel, our growth and long-term success could be adversely impactedNew
  18. 27If we do not or cannot maintain the compatibility of our platform with our customers’ existing technology, including third-party technologies that our customers use in their businesses, our business may be adversely affectedNew
  19. 28If we are not able to maintain and enhance our brand, our business, operating results, financial condition, and prospects may be adversely affectedNew
  20. 29As we expand our customer base, we may become further subject to counterparty credit risk, which would adversely impact our business, operating results, financial condition, and prospectsNew
  21. 30Our long-term success may in part depend on our ability to expand the sale of our platform to customers located outside of the United States, and such international operations would expose it to risks that could have a material adverse effect on our business, operating results, financial condition, and prospectsNew
  22. 31Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and expenseNew
  23. 32The sales prices of our offerings may decrease, which may reduce our margins and adversely affect our business, operating results, financial condition, and prospectsNew
  24. 33Our estimates of market opportunity and forecasts of market growth may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business could fail to grow at similar rates, if at allNew
  25. 34Further, if AI is not broadly adopted by enterprises to the extent we expect, or if new use cases do not arise, then our opportunity may be smaller than we expectNew
  26. 35Future acquisitions could include real property and subject us to the general risks associated with the ownership of real propertyNew
  27. 36If negative publicity arises with respect to us, our employees, our third-party suppliers, service providers, or our partners, our business, operating results, financial condition, and prospects could be adversely affected, regardless of whether the negative publicity is trueNew
  28. 37Our ability to maintain customer satisfaction depends in part on the quality of our customer support and cloud operations services. Our failure to maintain high-quality customer support and cloud operations services could have an adverse effect on our business, operating results, financial condition, and prospectsNew
  29. 38We rely on our management team and other key employees and will need additional personnel to grow our business, and the loss of one or more key employees or our inability to attract and retain qualified personnel, including members of our board of directors, could harm our businessNew
  30. 39We believe that our corporate culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmedNew

Risks Related to Our Healthcare Business

  1. 40Our healthcare business has a limited history of generating revenue, have a history of operating losses, and we may never achieve or maintain profitability
  2. 41We face competition from other technology companies and our operating results will suffer if we fail to compete effectively
  3. 42We are subject to risks associated with our utilization of consultants
  4. 43We depend on third parties to design, manufacture, market and distribute our products. If any third party fails to successfully design, manufacture, market or distribute any of our products, our business will be materially harmed

Risks Related to Intellectual Property

  1. 44Failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could enable others to copy or use aspects of our platform without compensating it, which could harm our brand, business, operating results, financial condition, and prospectsNew
  2. 45Third parties may claim that our platform infringes, misappropriates, or otherwise violates our intellectual property rights, and such claims could be time-consuming or costly to defend or settle, result in the loss of significant rights, or harm our relationships with our customers or reputation in the industryNew
  3. 46We license technology from third parties for the development of our solutions, and our inability to maintain those licenses could harm our businessNew
  4. 47Some of our technology incorporates “open-source” software, and failure to comply with the terms of the underlying open-source software licenses could adversely affect our business, results of operations, financial condition, and prospectsNew

Risks Related to Legal Matters and Regulation

  1. 48We are subject to laws and regulations, including governmental export and import controls, sanctions, and anti-corruption laws, that could impair our ability to compete in our markets and subject it to liability if we are not in full compliance with applicable lawsNew
  2. 49Our customer and counterparty diligence obligations may increase, and any failure to implement and maintain effective know-your-customer, anti-money laundering and sanctions compliance controls could adversely affect usNew
  3. 50Our business is subject to a wide range of laws and regulations, and our failure to comply with those laws and regulations could harm our businessNew
  4. 51We could become subject to product liability claims, product recalls and warranty claims that could be expensive, divert management’s attention and harm our business
  5. 52FDA clearance of the pulse oximetry feature of our Medical Ring does not ensure commercial success of the product84% rewritten
  6. 53Our Medical Ring is subject to ongoing regulatory obligations and review and failure to comply with applicable regulatory requirements may adversely affect our business and operationsNew
  7. 54If any of these events were to occur, our business and financial condition would be harmed
  8. 55If any OEMs contracted to manufacture our products fail to comply with FDA’s Quality System Regulations or other regulatory bodies’ equivalent regulations, manufacturing operations could be delayed or shut down and the development of our products could suffer
  9. 56We expect our planned solution to be subject to certain Federal Communication Commission (“FCC”) regulations
  10. 57Healthcare reform measures could hinder or prevent the commercial success of our healthcare business
  11. 58If we fail to comply with healthcare regulations with respect to our current or future Movano products, we could face substantial penalties and our business, operations and financial condition could be adversely affected
  12. 59We may become involved in litigation that may adversely affect usNew

Risks Related to Financial and Accounting Matters

  1. 60We incur significant costs and management resources as a result of operating as a public companyNew
  2. 61We could be subject to additional tax liabilities and United States federal and global income tax reform could adversely affect itNew
  3. 62Our ability to use our net operating loss carryforwards and certain other tax attributes may be limitedNew
  4. 63If our estimates or judgments relating to our critical accounting policies prove to be incorrect or financial reporting standards or interpretations change, our operating results could be adversely affectedNew
  5. 64We are exposed to fluctuations in currency exchange rates, which could negatively affect our business, operating results, financial condition, and prospectsNew

Risks Related to the Company Generally

  1. 65Adverse global macroeconomic conditions, geopolitical risks, or reduced spending on AI and machine learning or on cloud infrastructure could adversely affect our business, operating results, financial condition, and prospectsNew
  2. 66Environmental, social, and governance factors may impose additional costs and expose us to new risksNew
  3. 67The level of insurance coverage that we purchase may prove to be inadequate, which could materially and adversely impact our business, financial condition, and results of operationsNew
  4. 68Our business is affected by macroeconomic conditions
  5. 69Our business and operations are subject to risks related to climate change
  6. 70Our business and operations would suffer in the event of information technology system failures, including cyber-attacks

Risks Related to Ownership of Our Common Stock

  1. 71The market price of our common stock may be volatile, and you could lose all or part of your investmentNew
  2. 72Sales of a substantial number of shares of our common stock into the public market, and particularly sales by our directors, executive officers, and principal stockholders, or the perception that these sales might occur, could cause the market price of our common stock to declineNew
  3. 73If financial analysts issue inaccurate or unfavorable research regarding, or do not or cease to cover, our common stock, our stock price and trading volume could declineNew
  4. 74Our amended and restated certificate of incorporation contains exclusive forum provisions for certain claims, which may limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employeesNew
  5. 75Our stockholders will not be deemed to have waived our compliance with the federal securities laws and the regulations promulgated thereunderNew
  6. 76We could be subject to securities class action litigationNew
  7. 77Our quarterly and annual results may fluctuate significantly, may not fully reflect the underlying performance of our business and may result in decreases in the price of our securities
  8. 78Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud
  9. 79The issuance of additional stock in connection with financings, acquisitions, our equity incentive plan, upon exercise of outstanding warrants or otherwise will dilute our existing stockholders90% rewritten
  10. 80Provisions in our charter documents and under Delaware law could make an acquisition of our company, which may be beneficial to our stockholders, more difficult and may limit attempts by our stockholders to replace or remove our current management and members of our board of directorsNew
  11. 81We have not paid cash dividends in the past and have no immediate plans to pay cash dividends
  12. 82Concentration of ownership among our existing executive officers, directors and significant stockholders may prevent new investors from influencing significant corporate decisions29% rewritten
  13. 83Holders of the Series A and Series B Preferred Stock have certain voting and other rights that may adversely affect holders of our common stock, and the holders of the Preferred Stock may have different interests from and vote their shares in a manner deemed adverse to, holders of our common stockNew
  14. 84We are an “emerging growth company” under the JOBS Act and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors
  15. 85If securities or industry analysts do not publish research reports about our business, or if they issue an adverse opinion about our business, the price of our common stock and trading volume could decline

Other Corvex 10-Ks

  • FY2024 10-K risk factors
    43 risks

    Corvex faces substantial going concern doubt with $11.3 million in assets versus $4.0 million in liabilities as of December 31, 2024. The company depends heavily on commercializing the Evie Ring and EvieMED Ring after obtaining FDA 510(k) clearance in November 2024. Operations rely heavily on third-party manufacturing partners, consultants, and raising additional capital to fund product development.

    Filed Apr 09, 2025

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.