SATT — what changed in the latest 10-Q
A section-by-section comparison of SATT'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 · 2026-05-14 vs the prior 10-Q · 2025-11-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −10 | ~9 | 18 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
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): Legal proceedings, Risk factors
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 · 2026-05-14
On October 20th, 2025, the Board appointed Board Member and Director Michael Oster as CEO of the Company. On the same day Shmulik Yannay resigned his position as Director, CEO & Board Member. His resignation was not the result of any dispute with the Company.
Since inception on January 16, 2015, the Company has a cumulative deficit of $24,672 thousand and a working capital deficit of $3,970 thousand as of March 31, 2026. Our future growth is dependent upon achieving further purchase orders and execution, management of operating expenses and ability of th…
Historically, we have financed our cash flow and operations from the initial contribution of our majority shareholder and by raising equity and convertible loans and warrants.
We had a negative working capital of $3,970 thousand and $3,735 thousand as of March 31, 2026, and December 31, 2025, respectively.
During the three months ended March 31, 2026, we had negative cash flow from operations of $73 thousand which was mainly the result of a net loss of $252 thousand, and financial expenses related to revaluations of convertible component in convertible loans in the amount of $60 thousand and changes i…
Text removed vs the prior filing · source: 10-Q · 2025-11-17
Three months ended September 30, 2025 compared to the three months ended September 30, 2024
Research and development expenses for the three months ended September 30, 2025, were $169 thousand compared to $93 thousand for the same period in 2024.
General and administrative (“G&A”) expenses for the three months ended September 30, 2025, were $151 thousand compared to $62 thousand for the same period in 2024.
Total financial expenses for the three months ended September 30, 2025, was $83 compared to financial income $2,174 thousand for the same period in 2024. Financial expenses is due mostly to financial gains related to revaluations of the convertible component in convertible loans.
Since inception on January 16, 2015, the Company has a cumulative deficit of $24,207 thousand and a working capital deficit of $3,427 thousand as of September 30, 2025. Our future growth is dependent upon achieving further purchase orders and execution, management of operating expenses and ability o…
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