Content analysis
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H.S. sophomore Avg
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New words:
advice, broad, burn, commensurate, complement, confidence, counterparty, deficiency, detected, difficult, environment, excessive, explore, fairly, feature, greatest, Journal, lack, low, missed, misstatement, nationally, nil, Notwithstanding, Ops, prime, prohibit, quoted, refinancing, satisfactory, slight, Street, Tech, transitional, unsupportable, Wall
Removed:
Creditor, moratorium, recruiting, RSU
Financial report summary
?Competition
Cognizant Technology Solutions Corp. - Ordinary Shares • EPAM Systems • Grid Dynamics Holdings Inc - Ordinary SharesRisks
- There is substantial doubt regarding our ability to continue as a going concern.
Management Discussion
- Net revenues for the three months ended June 30, 2023 decreased $7.9 million, or 17.0%, to $38.3 million from $46.2 million for the three months ended June 30, 2022. The decrease was mainly due to decreased services and reduced scope in projects with existing clients.
- Net revenues from our United States operations for the three months ended June 30, 2023 decreased $6.9 million, or 23.4%, to $22.4 million from $29.3 million for the three months ended June 30, 2022. The change was mainly driven by decreases in projects with new clients and reduced scope of work with existing clients.
- Net revenues from our Latin America operations for the three months ended June 30, 2023 decreased $1.0 million, or 5.9%, to $15.9 million from $16.9 million for the three months ended June 30, 2022. The change was driven by a slight decrease in scope with a significant existing customer.