Certainty language minus hedging language in Risk Factors. Positive = assertive, negative = hedging-heavy.
From 2022-02-28 (10-K) to 2026-03-02 (10-K), this metric decreased across 5 filings.
Risk-factor drift item_1a vs prior same-form filing, cosine similarity
- 10-K 2026-03-02 vs 2025-03-06 99.2% boilerplate
- 10-K 2025-03-06 vs 2024-02-29 98.6% boilerplate
- 10-K 2024-02-29 vs 2023-03-15 99.8% boilerplate
- 10-K 2023-03-15 vs 2022-02-28 99.6% boilerplate
Vanished metrics promoted KPIs that stopped being reported
- Issued US Patents promoted across 3 consecutive filings, last seen 2024-02-29, absent from 10-K 2025-03-06 dropped
- Pending PCT Applications promoted across 3 consecutive filings, last seen 2024-02-29, absent from 10-K 2025-03-06 dropped
- Pending US Patent Applications promoted across 3 consecutive filings, last seen 2024-02-29, absent from 10-K 2025-03-06 dropped
- Pending Foreign Patent Applications promoted across 3 consecutive filings, last seen 2024-02-29, absent from 10-K 2025-03-06 dropped
Auditor’s report opinion, going-concern & control flags, critical audit matters
-
10-K 2026-03-02 unqualified
- Accounting for the Sagard revenue interest financing arrangement
-
10-K 2025-03-06 unqualified
- Sufficiency of audit evidence over accounting for the acquisition of AnHeart Therapeutics Ltd.
-
10-K 2024-02-29 unqualified
-
10-K 2023-03-15 unqualified
- Measurement of fair value of stock options with service, market and performance conditions
-
10-K 2022-02-28 unqualified
- Measurement of fair value of stock options with service, market and performance conditions
Balance-sheet language forensic risk vocabulary shifting in MD&A / financials vs prior year
-
Inventory risk languagedensity 0.0→0.18 / 10k chars (0→3 mentions) · new: net realizable value, lower of cost
-
Receivables risk languagedensity 0.88→1.08 / 10k chars (14→18 mentions) · new: past due, collectability
-
Receivables risk languagedensity 0.26→1.75 / 10k chars (3→17 mentions) · new: expected credit loss, allowance for credit
Revenue-recognition drift rev-rec policy language change vs prior filing
-
10-K 2026-03-02 73% similar to prior accounting-standard adoption− Contract Liabilities− Performance Obligations− Point IN TIME− Right OF Return− Standalone Selling Price
-
10-K 2025-03-06 accounting-standard adoption+ Contract Liabilities+ Performance Obligations+ Point IN TIME+ Right OF Return+ Standalone Selling Price