OFLX — what changed in the latest 10-Q
A section-by-section comparison of OFLX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-08-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −21 | ~6 | 19 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
Accounts Receivable was $15,874,000 and $13,665,000 as of September 30, 2026 and December 31, 2025, respectively, increasing $2,209,000 or 16.2%. This is mostly timing related, associated with higher sales during the current quarter versus the fourth quarter of the previous year.
Inventory was $17,071,000 and $13,397,000 as of September 30, 2026 and December 31, 2025, respectively, increasing $3,674,000 or 27.4%. The increase is mainly the result of the purchase of inventory to targeted inventory levels, for the new re-engineered flexible gas piping fitting introduced on Jul…
Retained earnings were $70,794,000 and $73,979,000 as of September 30, 2026 and December 31, 2025, respectively, decreasing $3,185,000 or 4.3%. The decrease was primarily due to dividends declared during 2026, as discussed in detail in Note 9, Shareholders’ Equity, to the Condensed Consolidated Fina…
Three months ended September 30, 2026 compared to three months ended September 30, 2025
The Company reported comparative results from operations for the three month periods ended September 30, 2026 and 2025 as follows:
Text removed vs the prior filing · source: 10-Q · 2026-08-13
Retained earnings were $71,867,000 and $73,979,000 as of June 30, 2026 and December 31, 2025, respectively, decreasing $2,112,000 or 2.9%. The decrease was primarily due to dividends declared during 2026, as discussed in detail in Note 9, Shareholders’ Equity, to the Condensed Consolidated Financial…
Three months ended June 30, 2026 compared to three months ended June 30, 2025
The Company reported comparative results from operations for the three month periods ended June 30, 2026 and 2025 as follows:
Gross Profit. The Company’s gross profit margins were 55.0% and 60.4% for the quarters ended June 30, 2026 and 2025, respectively. The decrease in gross profit is mostly attributable to an increase in raw material costs, including inbound transportation costs and tariffs.
Selling Expenses. Selling expenses consist primarily of employee salaries and associated overhead costs, commissions, and the cost of marketing programs such as advertising, trade shows and related communication costs, and freight. Selling expenses were $5,411,000 and $5,217,000 for the quarters end…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice