SPSC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-30

• Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025

• The following table presents our results of operations for the periods indicated:

• Revenues - The increase in revenue period-over-period resulted from an increase in 1P recurring revenue customers that was driven primarily by business acquisitions and continued business growth in our core markets.

• •ARPU increased 14% to approximately $15,100 for the three months ended June 30, 2026. The increase was driven by the increased usage of our products by our 1P recurring revenue customers as well as the divestiture of our 3P revenue recovery business.

• •The number of recurring revenue customers decreased 14% to approximately 46,650 at June 30, 2026. The decrease was driven by the divestiture of the 3P revenue recovery business, which resulted in a decrease of approximately 8,200 3P recurring revenue customers. As of June 30, 2026, all recurring re…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• Due to international operations, we have revenue, expenses, assets, and liabilities that are denominated in currencies other than the U.S. dollar, primarily the Australian dollar, Canadian dollar, and Euro. Our consolidated balance sheet, results of operations, and cash flows are, therefore, subject…

• Our sales are primarily denominated in U.S. dollars. Our expenses are generally denominated in the local currencies in which our operations are located. As of June 30, 2026, we maintained 8% of our total cash and cash equivalents in foreign currencies. Based upon a sensitivity model, an immediate hy…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025

• The following table presents our results of operations for the periods indicated:

• Revenues - The increase in revenue period-over-period resulted from an increase in recurring revenue customers that was driven primarily by business acquisitions and continued business growth.

• •ARPU decreased 2% to approximately $13,550 for the three months ended March 31, 2026. The decrease was driven by the addition of 3P recurring revenue customers, which have much lower ARPU, partially offset by the increased usage of our products by our 1P recurring revenue customers.

• •The number of recurring revenue customers increased 0.1% to approximately 54,200 at March 31, 2026. Of the total recurring revenue customers, approximately 46,900 are 1P recurring revenue customers and the remainder are 3P recurring revenue customers. New recurring revenue customers do not have a m…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• There were no changes in our internal control over financial reporting during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We are continuing a phased implementation of new enterprise syste…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• The Company is in the process of implementing new enterprise systems for financial and human capital management. As previously disclosed, during December 2025, we implemented new enterprise systems to replace certain legacy systems that were used for human capital management and payroll operations. …

• Except as described above, there were no changes in our internal control over financial reporting during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-07-30

• During the three months ended June 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified, or terminated any contract, instruction, or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• During the three months ended March 31, 2026, the following officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted written plans for the sale of our securities that are intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act:

• NameTitleAdoption DateEarliest Sale DateExpiration or Termination Date

• Aggregate Number of Shares of the Company's Common Stock to be Sold(1)

• Kimberly NelsonFormer Chief Financial OfficerFebruary 23, 2026May 25, 2026March 15, 202719,453

• Eduardo RosiniExecutive Vice President & Chief Commercial OfficerMarch 13, 2026December 1, 2026March 31, 202747,595