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New words:
advisory, April, attached, attain, automatically, backfill, burden, cancelled, churn, consummate, consummated, consummating, consummation, contemplated, customary, declared, description, dissenting, enjoined, entirety, fatigue, fee, furnish, hereto, impression, inorganic, lawsuit, LLC, main, Merger, mid, modification, motivate, Mountain, ongoing, Parent, pendency, pivot, purport, solicit, submitted, subsidiary, text, timeline, transparency, unanimously, upside, Vista, waiver
Removed:
exceeding
Financial report summary
?Competition
OracleRisks
- We may fail to consummate the Merger, and uncertainties related to the consummation of the Merger may have a material adverse effect on our business, results of operations and financial condition and negatively impact the price of our common stock.
- If the Merger Agreement is terminated, we may, under certain circumstances, be obligated to pay a termination fee to Parent. These costs could require us to use available cash that would have otherwise been available for other uses.
- We are subject to various uncertainties while the Merger is pending, which could have a material adverse effect on our business, results of operations and financial condition.
- The Merger Agreement limits our ability to pursue alternatives to the Merger and may discourage other companies from trying to acquire us for greater consideration than what Parent has agreed to pay pursuant to the Merger Agreement.
- We will continue to incur substantial transaction-related costs in connection with the Merger.
- Efforts to complete the Merger could disrupt our relationships with third parties and employees, divert management’s attention, or result in negative publicity or legal proceedings, any of which could negatively impact our operating results and ongoing business.
- We have incurred losses in the past, and we may not be profitable in the future.
- Our operating results are likely to vary significantly from period to period and be unpredictable, which could cause the trading price of our common stock to decline.
- We must improve our sales execution and increase our sales channels and opportunities in order to grow our revenues, and if we are unsuccessful, our operating results may be adversely affected.
- Our sales cycles are time-consuming, and it is difficult for us to predict when or if sales will occur.
- Our revenues are dependent on our ability to maintain and expand existing customer relationships and our ability to attract new customers.
- We may be unable to achieve our growth targets, which could result in a decline of our stock price.
- The loss of one or more of our key customers could slow our revenue growth or cause our revenues to decline.
- Because we recognize a majority of our subscription revenues from our customers over the term of their agreements, downturns or upturns in sales of our cloud-based solutions may not be immediately reflected in our operating results.
- Our implementation cycle is lengthy and variable, depends upon factors outside our control and could cause us to expend significant time and resources prior to earning associated revenues.
- A substantial majority of our total revenues have come from sales and renewals of our enterprise cloud products, and decreases in demand for our enterprise cloud products could adversely affect our results of operations and financial condition.
- Most of our implementation contracts are on a time and materials basis and may be terminated by the customer.
- We are exposed to fluctuations in currency exchange rates, which could negatively affect our financial condition and operating results.
- If we are required to collect sales and use taxes on the solutions we sell, we may be subject to liability for past sales and our future sales may decrease.
- We may need additional capital, and we cannot be certain that additional financing will be available.
- Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
- We depend on our management team and our key sales and development and services personnel, and the loss of one or more key employees or groups could harm our business and prevent us from implementing our business plan in a timely manner.
- Our transition from an on-premise to a cloud-based business model is subject to numerous risks and uncertainties.
- Our future growth is, in large part, dependent upon the increasing adoption of revenue management solutions.
- We are highly dependent upon the life sciences industry, and factors that adversely affect this industry could also adversely affect us.
- Failure to adequately expand and train our direct sales force will impede our growth.
- Our acquisition of other companies could require significant management attention, disrupt our business, dilute stockholder value and adversely affect our operating results.
- Uncertainty in global economic conditions may adversely affect our business, operating results or financial condition.
- We rely on third parties and their systems as we introduce a variety of new services, including the processing of transaction data and settlement of funds to us and our counterparties, and these third parties’ failure to perform these services adequately could materially and adversely affect our business.
- Our customers often require significant configuration efforts to match their complex business processes. The failure to meet their requirements could result in customer disputes, loss of anticipated revenues and additional costs, which could harm our business.
- If we are unable to enhance existing solutions and develop new solutions that achieve market acceptance or that keep pace with technological developments, our business could be harmed.
- Our efforts to expand the adoption of our solutions in the technology industry will be affected by our ability to provide solutions that adequately address trends in that industry.
- The market for cloud-based solutions is at an earlier stage of acceptance relative to on-premise solutions, and if it develops more slowly than we expect, our business could be harmed.
- If we or our solutions fail to perform properly, our reputation and customer relationships could be harmed, our market share could decline, and we could be subject to liability claims.
- The market in which we participate is highly competitive, and if we do not compete effectively, our operating results could be harmed.
- If we are not able to maintain and enhance our brand, our business and operating results may be adversely affected.
- If we are unable to maintain successful relationships with system integrators, our business operations, financial results and growth prospects could be adversely affected.
- Any failure to offer high-quality customer support for our cloud platform may adversely affect our relationships with our customers and harm our financial results.
- Incorrect or improper implementation or use of our solutions could result in customer dissatisfaction and negatively affect our business, operations, financial results and growth prospects.
- Competition for our target employees is intense, and we may not be able to attract and retain the quality employees we need to support our planned growth.
- Our significant international operations subject us to additional risks that can adversely affect our business, results of operations and financial condition.
- Changes in privacy laws, regulations and standards may cause our business to suffer.
- Failure to comply with certain certifications and standards pertaining to our solutions, as may be required by governmental authorities or other standards-setting bodies could harm our business. Additionally, failure to comply with governmental laws and regulations could harm our business.
- We are subject to governmental export and import controls that could subject us to liability or impair our ability to compete in international markets.
- Changes to government regulations may reduce the size of the market for our solutions, harm demand for our solutions, force us to update our solutions or implement changes in our services and increase our costs of doing business.
- Any new implementation of or changes made to laws, regulations or other industry standards affecting our business in any of the geographic regions in which we operate may require significant development efforts or have an unfavorable effect on our business operations.
- We may be the target of illegitimate or other improper transaction settlement despite compliance systems.
- If our solutions do not interoperate with our customers’ IT infrastructure, sales of our solutions could be negatively affected, which would harm our business.
- If our solutions experience data security breaches, and there is unauthorized access to our customers’ data, we may lose current or future customers, our reputation and business may be harmed, and we may incur significant liabilities.
- We rely on a small number of third-party service providers to host and deliver our cloud-based solutions, and any interruptions or delays in services from these third parties could impair the delivery of our cloud-based solutions and harm our business.
- Our use of open source and third-party technology could impose limitations on our ability to commercialize our solutions.
- We use artificial intelligence and machine learning in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations.
- Any failure to protect our intellectual property rights could impair our ability to protect our proprietary technology and our brand, which would substantially harm our business and operating results.
- We may not be able to enforce our intellectual property rights throughout the world, which could adversely impact our international operations and business.
- We license technology from third parties, and our inability to maintain those licenses could harm our business. Certain third-party technology that we use may be difficult to replace or could cause errors or failures of our service.
- We may be sued by third parties for alleged infringement of their proprietary rights which could result in significant costs and harm our business.
- Our stock price may be volatile, and you may be unable to sell your shares at or above your purchase price.
- The exclusive forum provision in our restated certificate of incorporation may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or any of our directors, officers, or other employees, which may discourage lawsuits with respect to such claims.
- We do not anticipate paying any dividends on our common stock.
- Our outstanding notes are effectively subordinated to our secured debt and any liabilities of our subsidiaries.
- Our notes are our obligations only, and to the extent our operations will be conducted through, and a substantial portion of our consolidated assets will be held by, our subsidiaries, we may rely on distributions from such subsidiaries to service our debt.
- Our indebtedness could adversely affect our business and limit our ability to expand our business or respond to changes, and we may be unable to generate sufficient cash flow to satisfy our debt service obligations.
- Recent and future regulatory actions and other events may adversely affect the trading price and liquidity of our notes.
- Volatility in the market price and trading volume of our common stock could adversely impact the trading price of our notes.
- We and our subsidiaries may incur substantially more debt or take other actions which would intensify the risks discussed above.
- We may not have the ability to raise the funds necessary to settle conversions of our notes in cash, to repurchase our notes for cash upon a fundamental change or to pay the redemption price for any notes we redeem, and our future debt may contain limitations on our ability to pay cash upon conversion or repurchase of the notes.
- The conditional conversion feature of our notes, if triggered, may adversely affect our financial condition and operating results.
- The accounting method for convertible debt securities that may be settled in cash, such as our outstanding notes, could have a material effect on our reported financial results.
- Future sales of our common stock or equity-linked securities in the public market could lower the market price for our common stock and adversely impact the trading price of the notes.
- Holders of our notes are not entitled to any rights with respect to our common stock, but they are subject to all changes made with respect to them to the extent our conversion obligation includes shares of our common stock.
- The conditional conversion feature of the notes could result in holders of our notes receiving less than the value of our common stock into which the notes would otherwise be convertible.
- Upon conversion of our notes, our note holders may receive less valuable consideration than expected because the value of our common stock may decline after such exercise of conversion rights but before we settle our conversion obligation.
- Our notes are not protected by restrictive covenants.
- The increase in the conversion rate for notes converted in connection with a make-whole fundamental change or a notice of redemption may not adequately compensate note holders for any lost value of their notes as a result of such transaction or redemption.
- Upon any redemption of the 2025 Notes on or after June 6, 2023 or 2028 Notes on or after March 20, 2026 or any conversion of the notes in connection with a notice of redemption, the cash comprising the redemption price, in the case of a redemption, or the applicable conversion rate, in the case of a conversion in connection with a notice of redemption, as applicable, may not fully compensate note holders for future interest payments or lost time value of their notes and may adversely affect their return on the notes.
- The conversion rate of our notes may not be adjusted for all dilutive events.
- Provisions in the indentures for the notes may deter or prevent a business combination that may be favorable to our security holders.
- Some significant restructuring transactions may not constitute a fundamental change, in which case we would not be obligated to offer to repurchase the notes.
- We have not registered the notes or the common stock issuable upon conversion of the notes, if any, which will limit our note holders’ ability to resell them.
- There may not be an active trading market for our notes.
- Any adverse rating of the notes may cause their trading price to fall.
- Note holders may be subject to tax if we make or fail to make certain adjustments to the conversion rate of the notes even though they do not receive a corresponding cash distribution.
- We may invest or spend the proceeds of from the sale of our notes in ways with which our security holders may not agree or in ways which may not yield a return.
- Because the notes will initially be held in book-entry form, holders must rely on DTC’s procedures to receive communications relating to the notes and exercise their rights and remedies.
- Our financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
- If we fail to maintain an effective system of internal controls, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
- We incur significant costs and devote substantial management time as a result of operating as a public company.
- If securities analysts do not publish research or reports or if they publish unfavorable or inaccurate research about our business and our stock, the price of our stock and the trading volume could decline.
- Our business is subject to the risks of earthquakes, fire, power outages, floods and other catastrophic events, and to interruption by manmade problems such as terrorism.
- We may face risks related to securities litigation that could result in significant legal expenses and settlement or damage awards.
- Our restated certificate of incorporation and restated bylaws and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
Management Discussion
- Subscription revenues an increase by $21.6 million, or 14%, to $181.4 million for the fiscal year ended September 30, 2023, from $159.8 million for the fiscal year ended September 30, 2022. As a percentage of total revenues, subscription revenues was at 73% for the years 2023 and 2022. The increase in our subscription revenues was primarily due to increased SaaS revenue relating to an increase in subscriptions for our cloud-based solutions, but partially offset by declines in maintenance revenue relating to our on-premise solutions and term licenses. The increase in subscriptions for our cloud-based solutions is primarily due to sales to new customers and more existing customers transitioning to SaaS from on-premise solutions and term licenses. We intend to continue to focus on growing our recurring revenue from SaaS subscriptions in future periods.