Table of Contents

Item 1A. Risk Factors .............. 12

Item 7. Management's Discussion and Analysis .............. 30

Item 1A. Risk Factors

Our business may be adversely affected by competition and regulatory uncertainty. We face litigation and investigation risks that could materially harm operations. Supply chain disruptions may adversely affect our business from time to time.

Item 1B. Unresolved Staff Comments

None.

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Revenue may fluctuate due to macroeconomic volatility and we could experience liquidity constraints if credit markets tighten. We depend on key suppliers in Asia.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to foreign exchange and interest rate risk.