ILLRW — what changed in the latest 10-Q
A section-by-section comparison of ILLRW'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 · 2026-08-13 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +31 | −9 | ~35 | 72 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Legal proceedings | Text added/removed | 0 | 0 | ~12 | 10 |
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): Risk factors, 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 · 2026-08-13
The following table summarizes the major operating revenues for the three months ended June 30, 2026 and 2025:
The commission expense related to financial services increased by $0.3 million, or 9.55% from $3.3 million for the three months ended June 30, 2025 to $3.6 million for the three months ended June 30, 2026. The increase was mainly attributed to our new sales compensation scheme launched during the th…
Sales and marketing expense slightly increased by $0.03 million or 35.71% from $0.07 million for the three months ended June 30, 2025 to $0.1 million for the three months ended June 30, 2026.
The aggregate other general and administrative expenses decreased by $0.7 million, or 60.15% from $1.2 million for the three months ended June 30, 2025 to $0.5 million for the three months ended June 30, 2026. The decrease was primarily attributable to the absence of certain non-recurring expenses i…
Other income (expense), net consist of interest income, investment income, net, sundry income and offset by interest expense and foreign exchange loss, net.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
media Sports streaming Financial services Corporate Elimination Consolidated
Provision for allowance for expected credit losses — — (47) — — (47)
The following table summarizes the major operating revenues for the three months ended March 31, 2026 and 2025:
The commission expense related to financial services increased by $0.9 million, or 37.64% from $2.5 million for the three months ended March 31, 2025 to $3.5 million for the three months ended March 31, 2026. As a result of the increase in revenue associated with the financial services, commission e…
Sales and marketing expense slightly increased by $0.2 million from $0.0 for the three months ended March 31, 2025 to $0.2 million for the three months ended March 31, 2026.
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