CNXN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-29

• ●supply constraints, such as the global memory (DRAM and NAND) shortage;

• The ongoing global memory shortage (DRAM and NAND) could result in increased inventory costs, which may reduce our margins or require us to raise prices. The memory shortage could additionally result in a lack of availability of products, which could negatively impact our results of operations. As a…

• We utilize key operating metrics to track and assess the performance of our business, including gross billings. Gross billings is the total dollar value of goods and services billed during the period, net of customer returns, credit memos, and any applicable sales or other taxes and includes agency …

• We use the gross billings operating metric for planning, forecasting, and evaluating the sales performance of our operating segments by providing insight into the total value of our business transactions. We believe that gross billings provides the same insight to investors.

• The following table sets forth the gross billings for each of our operating segments and our consolidated entity (in millions):

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• If the current government shutdown continues, our net sales may decrease, specifically within our Public Sector Solutions segment, as it would delay government IT investments.

• On July 4, 2025, the One Big Beautiful Bill Act, or OBBBA, was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable…

• third quarter of 2025 remained substantially the same year-over-year in dollars and increased as a percentage of net sales.

• There were no severance expenses incurred during the three months ended September 30, 2025. During the nine months ended September 30, 2025, we undertook actions to lower our cost structure. In connection with these initiatives, we incurred severance expenses of $2.9 million which included cash seve…

• ●Net sales of $256.8 million for the Business Solutions segment reflect an increase of $4.2 million, or 1.7%. The increase in net sales is primarily due to increases in net sales of software, desktops, other hardware/services, and displays and sound of $7.0 million, $5.8 million, $1.5 million, and $…

Text added vs the prior filing · source: 10-Q · 2026-04-29

• On March 9, 2026, Patricia Gallup, the Chief Administrative Officer of the Company and the Chair of the Board of Directors, adopted a Rule 10b5-1 trading agreement for the sale of securities of the Company’s common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c…

• None of our other directors or officers (as defined in Exchange Act Rule 16a-1(f)) adopted or terminated a Rule 10b5-1 trading agreement or a non-Rule 10b5-1 trading agreement (as each term is defined in Item 408(c) of Regulation S-K) during the first quarter of 2026.

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• None of our directors or officers (as defined in Exchange Act Rule 16a-1(f)) adopted or terminated a Rule 10b5-1 trading agreement or a non-Rule 10b5-1 trading agreement (as each term is defined in Item 408(c) of Regulation S-K) during the third quarter of 2025.