Content analysis
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New words:
BFG, buyer, Carlo, East, elevated, enable, flat, geopolitical, Hagedorn, horticultural, innovating, Katherine, Littlefield, member, met, Middle, Monte, national, partnership, peer, proprietary, reoccur, restored, shifting, Signature, simulation, transportation, uncertain, vast
Removed:
achievement, achieving, designing, desired, executed, life, operated, reaching, relationship
Financial report summary
?Competition
QSAM BiosciencesRisks
- If we underestimate or overestimate demand for our products and do not maintain appropriate inventory levels, our net sales and/or working capital could be negatively impacted.
- An economic downturn and economic uncertainty may adversely affect demand for our products.
- Disruptions in availability or increases in the prices of raw materials, fuel or transportation costs could adversely affect our results of operations.
- Because of the concentration of our sales to a small number of retail customers, the loss of one or more of, or a significant reduction in orders from, any of our top customers, or a material reduction in the inventory of our products that they carry, could adversely affect our financial results.
- We may not successfully develop new product lines and products or improve existing product lines and products.
- Our marketing activities may not be successful.
- The highly competitive nature of our markets could adversely affect our ability to maintain or grow revenues.
- Our manufacturing operations, including our reliance on third-party manufacturers, could harm our business.
- Our business is subject to risks associated with sourcing and manufacturing outside of the U.S. and risks from tariffs and/or international trade wars.
- Our reliance on a limited base of suppliers may result in disruptions to our business and adversely affect our financial results.
- A significant interruption in the operation of our or our suppliers’ facilities could impact our capacity to produce products and service our customers, which could adversely affect revenues and earnings.
- Disruptions to transportation channels that we use to distribute our products may adversely affect our margins and profitability.
- Climate change and unfavorable weather conditions could adversely impact financial results.
- Product recalls or other product liability claims could materially and adversely affect our business, financial condition and results of operation.
- If the perception of our brands or organizational reputation are damaged, our consumers, distributors and retailers may react negatively, which could materially and adversely affect our business, financial condition and results of operations.
- Certain of our products may be purchased for use in new and emerging industries or segments and/or be subject to varying, inconsistent, and rapidly changing laws, regulations, administrative practices, enforcement approaches, judicial interpretations, and consumer perceptions.
- If we are unable to effectively execute our e-commerce business, our reputation and operating results may be harmed.
- Our operations, financial condition or reputation may be impaired if our information technology systems fail to perform adequately or if we are the subject of a data breach or cyber-attack.
- Our insurance coverage may not be sufficient to avoid material impact on our financial position or results of operations resulting from claims or liabilities against us, and we may not be able to obtain insurance coverage in the future.
- Our international operations make us susceptible to the costs and risks associated with operating internationally.
- We may not be able to adequately protect our intellectual property and other proprietary rights that are material to our business.
- Our success depends upon the retention and availability of key personnel and the effective succession of senior management.
- Our workforce reductions may cause undesirable consequences and our results of operations may be harmed.
- We are involved in a number of legal proceedings and, while we cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes could adversely affect our business, financial condition, results of operations and cash flows.
- Our indebtedness could limit our flexibility and adversely affect our financial condition.
- Significant or prolonged periods of higher interest rates may have an adverse effect on our results of operations, financial condition and cash flows.
- Acquisitions, other strategic alliances and investments could result in operating difficulties, dilution, and other harmful consequences that may adversely impact our business and results of operations.
- Changes in credit ratings issued by nationally recognized statistical rating organizations (NRSROs) could adversely affect our cost of financing and the market price of our Senior Notes.
- A failure to dispose of assets or businesses in a timely manner may cause the results of the Company to suffer.
- Our lending activities may adversely impact our business and results of operations.
- Our hedging arrangements expose us to certain counterparty risks.
- Our postretirement-related costs and funding requirements could increase as a result of volatility in the financial markets, changes in interest rates and actuarial assumptions.
- Compliance with environmental and other public health regulations or changes in such regulations or regulatory enforcement priorities could increase our costs of doing business or limit our ability to market all of our products.
- The Company’s decision to maintain, reduce or discontinue paying cash dividends to our shareholders or repurchasing our Common Shares could cause the market price for our Common Shares to decline.
- Hagedorn Partnership, L.P. beneficially owns approximately 23% of our Common Shares and can significantly influence decisions that require the approval of shareholders.
Management Discussion
- The sum of the components may not equal due to rounding.
- The sum of the components may not equal due to rounding.
- Net sales for the three months ended March 30, 2024 were $1,525.4, a decrease of 0.4% from net sales of $1,531.5 for the three months ended April 1, 2023. Net sales for the six months ended March 30, 2024 were $1,935.8, a decrease of 5.9% from net sales of $2,058.1 for the six months ended April 1, 2023. Factors contributing to the change in net sales are outlined in the following table: