MRLN 最新10-Q变化
将 MRLN 最新的定期申报(10-K/10-Q)与上一份同类型申报逐章节对比:每个章节新增/删除的段落数与原文摘录。全部为确定性文本对比——无相似度评分、无方向判断、非投资建议。
对比:10-Q · 2026-08-14 与上一份 10-Q · 2026-05-15
| 章节 | 结果 | 新增 | 删除 | 微调 | 未变 |
|---|---|---|---|---|---|
| 管理层讨论与分析 | 文字有新增/删除 | +34 | −22 | ~34 | 28 |
| 市场风险(第3项) | 无段落级文字变化 | 0 | 0 | 0 | 1 |
| 控制与程序 | 文字有新增/删除 | 0 | 0 | ~10 | 10 |
| 法律诉讼 | 文字有新增/删除 | 0 | 0 | ~1 | 0 |
| 风险因素 | 部分风险因素更新 | +4 | 0 | ~7 | 5 |
| 其他信息 | 文字有新增/删除 | 0 | 0 | ~1 | 2 |
计数单位为段落;"新增/删除"指相对上一份文件新增/删除的文字,不含方向或好坏判断。
代表性摘录
每个章节最多 5 条、每条约 300 字符的原文摘录,直接来自两份 SEC 文件。
管理层讨论与分析
相对上期新增的文字 · 来源:10-Q · 2026-08-14
covers the initial adaptation of the platform and can be extended to both low-rate and full-rate production for all United States Air Force Special Operations Command (“USSOCOM”) fixed-wing aircraft.
We plan to deploy the first Merlin Pilot on either commercial or military aircraft within the next three years. We incurred net losses of $58,427 and $16,296 for the three months ended June 30, 2026 and 2025, respectively. We incurred net losses of $148,846 and $29,029 for the six months ended June …
Revenue for the three months ended June 30, 2026 decreased by $913 thousand, or 29.4%, to $2,194 thousand compared to $3,107 thousand for the three months ended June 30, 2025. This decrease was primarily due to the completion of one phase of our USSOCOM Contract and the beginning of a new phase of t…
Cost of revenue for the three months ended June 30, 2026 decreased by $976 thousand, or 31.8%, to $2,090 thousand compared to $3,066 thousand for the three months ended June 30, 2025. This decrease was primarily the result of increased benefit recognized from the contract loss provision, as the rela…
Contract loss adjustments for the three months ended June 30, 2026 increased by $223 thousand as a result of the increase in the contract loss provision related to our USSOCOM Contract. The increase in the contract loss provision is the result of a revision of our estimate of total costs required to…
相对上期删除的文字 · 来源:10-Q · 2026-05-15
We plan to deploy the first Merlin Pilot on either commercial or military aircraft within the next three years. We incurred net losses of $90,419 thousand and $12,733 thousand for the three months ended March 31, 2026 and 2025, respectively. We expect to continue to generate losses over the next few…
Change in fair value of convertible promissory notes (87,824) —
Comparison of the Three months ended March 31, 2026 and 2025
Revenue for the three months ended March 31, 2026, increased by $134 thousand, or 15.4%, to $1,002 thousand compared to $868 thousand for the three months ended March 31, 2025. This increase was primarily due to additional work completed under our USSOCOM Contract for the three months ended March 31…
Cost of revenue for the three months ended March 31, 2026, increased by $926 thousand, or 129.7%, to $1,640 thousand compared to $714 thousand for the three months ended March 31, 2025. This increase was primarily the result of subcontractor costs incurred, and other direct charges to cost of revenu…
风险因素
相对上期新增的文字 · 来源:10-Q · 2026-08-14
We depend on aircraft manufacturers and other third parties for proprietary technical data, interface specifications, and software necessary to integrate our autonomy systems onto their aircraft, and our access to this information may be limited, delayed, or withdrawn.
Integrating our autonomy software onto a given aircraft platform generally requires access to proprietary information controlled by the aircraft's manufacturer, including interface control documents, avionics and flight control software specifications, wiring and systems data, and in some cases sour…
Our access to this data may be limited or withdrawn. Such limitations may occur if a manufacturer views our autonomy capabilities as competitive with its own current or future offerings, if commercial terms cannot be agreed, if a program contract or teaming arrangement terminates or is not renewed, …
If we lose access to this information for any aircraft type on which we depend, we may be unable to complete, certify, maintain, or update our integration for that aircraft, which could delay or terminate programs, require costly and time-consuming redesign or reverse engineering efforts (which may …
如何读 10-Q 的风险因素(第 1A 项)
10-Q 的风险因素章节有三种常见形态,本页按其一分类展示:
- 指向(pointer) — 公司仅声明"无重大变化"并指向年度 10-K 的完整风险因素;本季没有自己的风险文本可对比。
- 部分更新(partial) — 公司写明"除下述外无重大变化",只更新部分风险;摘录展示的正是本季新增的内容。
- 全文重述(restated) — 本季重新给出完整风险因素。若上一季只是"指向",则无法逐段对比,本页会将其标为"本季全文重述"。
这只是对文件结构的客观描述,不构成对风险高低的判断。
数据来自 SEC EDGAR 两份申报文件的文本级对比 · 确定性计算(无 AI 生成内容)· 仅供参考 · 非投资建议