Zrcn Inc. 10-K Filing

Ticker: ZRCN · Form: 10-K · Filed: Jul 16, 2024 · CIK: 1901297

Zrcn Inc. 10-K Filing Summary
FieldDetail
CompanyZrcn Inc. (ZRCN)
Form Type10-K
Filed DateJul 16, 2024
Pages15
Reading Time18 min
Key Dollar Amounts$0.0001, $1.9 million, $1.9 m
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-K filing submitted by Zrcn Inc. (ticker: ZRCN) to the SEC on Jul 16, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $0.0001 (Exchange Act: Common Stock, par value $0.0001 per share (Title of class) Indicate); $1.9 million (earch and development (R&D) expenses of $1.9 million and $1.9 million, respectively. Researc); $1.9 m (ment (R&D) expenses of $1.9 million and $1.9 million, respectively. Research and devel).

How long is this filing?

Zrcn Inc.'s 10-K filing is 15 pages with approximately 4,411 words. Estimated reading time is 18 minutes.

Where can I view the full 10-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,411 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-07-15 20:06:25

Key Financial Figures

  • $0.0001 — Exchange Act: Common Stock, par value $0.0001 per share (Title of class) Indicate
  • $1.9 million — earch and development (R&D) expenses of $1.9 million and $1.9 million, respectively. Researc
  • $1.9 m — ment (R&D) expenses of $1.9 million and $1.9 million, respectively. Research and devel

Filing Documents

Business

Business Risks To remain competitive and stimulate customer demand, we must successfully manage frequent introductions and transitions of products. We depend on product manufacturing and logistical services provided by outsourcing partners, many of which are located outside of the U.S. Future operating results depend upon our ability to obtain products in sufficient quantities on commercially reasonable terms. We are exposed to the risk of write-downs on the value of our inventory and other assets, in addition to purchase commitment cancellation risk. Demand for new products below expectations and our ability or inability to develop and introduce new products at favorable economic levels could adversely impact our financial results and prospects for growth. A significant portion of our revenue is dependent upon a small number of customers, and in particular, Home Depot and Lowe's, our two largest customers that collectively accounted for approximately 63% of net revenue in fiscal 2024. The loss of any one of these customers would negatively impact our revenues and our results of operations. If the products that we offer do not reflect our customers' tastes and preferences, our net sales and profit margins could decrease. Legal and Regulatory Compliance Risks We are subject to complex and changing laws and regulations, which expose us to potential liabilities, increased costs and other adverse effects on our business. We may have inadvertently violated Section 13 ( k ) of the Exchange Act (implementing Section 402 of the Sarbanes-Oxley Act of 2002) as a result of the transition from private to public accounting and may be subject to sanctions as a result. Financial Risks We manufacture and sell our products in numerous countries around the world. As a result, we may be exposed to foreign currency risks as we engage in transactions and make investments denominated in foreign currencies. We are subject to changes in tax rates, the adoption of

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