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Risks

• Risks Related to our Business and Industry
• Loss of, or reduction of business from, substantial clients could hurt our business by reducing our revenues, profitability and cash flow.
• Our complex manufacturing processes may lower yields and reduce our revenues.
• Our business could be materially and adversely affected if we are unable to obtain qualified supplies of raw materials, parts and finished components on a timely basis and at a cost-effective price.
• Our inventories may become obsolete and other assets may be subject to risks.
• Our business is highly competitive and increased competition could reduce gross profit margins and the value of an investment in our Company.
• Our operating results may decrease due to the decline of profitability in the semiconductor industry.
• We may not achieve the intended effects of our business strategy which could adversely impact our business, financial condition and results of operations.
• Our inability to introduce new products could result in decreased revenues and loss of market share to competitors; new technologies could also reduce the demand for our products.
• The nature of our products exposes us to potentially significant product liability risk.
• We depend on the recruitment and retention of qualified personnel and our failure to attract and retain such personnel could seriously harm our business.
• Failure to protect our proprietary technologies or maintain the right to use certain technologies may negatively affect our ability to compete.
• We cannot guarantee that we will have sufficient capital resources to make necessary investments in manufacturing technology and equipment.
• We may make substantial investments in plant and equipment that may become impaired.
• While we attempt to monitor the credit worthiness of our customers, we may be at risk due to the adverse financial condition of one or more customers.
• Our international operations expose us to material risks, including risks under U.S. export laws.
• Compliance with regulations regarding the use of "conflict minerals" could limit the supply and increase the cost of certain metals used in manufacturing our products.
• Risks Related to Government Contracts and Policies
• We are dependent on government contracts, which are subject to termination, price renegotiations and regulatory compliance, which can increase the cost of doing business and negatively impact our revenues.
• Changes in government policy or economic conditions could negatively impact our results.
• Risks Related to the COVID-19 Pandemic
• Risks Relating to Information Technology and Cybersecurity
• Security breaches and other disruptions could compromise the integrity of our information and expose us to liability, which would cause our business and reputation to suffer.
• Our failure to remediate the material weakness in our internal control over financial reporting or our identification of any other material weaknesses in the future may adversely affect the accuracy and timing of our financial reporting.
• Provisions in our charter documents and rights agreement could make it more difficult to acquire our Company and may reduce the market price of our stock.
• The price of our common stock has fluctuated widely in the past and may fluctuate widely in the future.
• We cannot guarantee that we will declare future cash dividend payments, nor repurchase any shares of our common stock pursuant to our stock repurchase program.
• Uncertainty of current economic conditions, domestically and globally, could continue to affect demand for our products and negatively impact our business.
• Natural disasters, like hurricanes, or occurrences of other natural disasters whether in the United States or internationally may affect the markets in which our common stock trades, the markets in which we operate and our profitability.
• Management’s Report on Internal Control over Financial Reporting
• Our Evaluation of Disclosure Controls and Procedures
• Changes in Internal Control over Financial Reporting.
• Legal/Disciplinary History
• Communications with our Board of Directors
• DELINQUENT SECTION 16(A) REPORTS
• Summary Compensation Table
• Certain Relationships and Related Transactions
• Auditor Fees and Services
• Pre-Approval Policies and Procedures for Audit and Permitted Non-Audit Services