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ITEM 1A. RISK FACTORS.
In addition to other information set forth in this report, readers should carefully consider the risk factors discussed in the Companys Annual Report on Form 10-K for the year ended December 31, 2024. Any of the risk factors disclosed in the Annual Report or our reports could materially affect our business, financial condition or future results. The risks described in the Prospectus are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.
We receive the majority of our revenue from contracts with state, local and county governments, which in return receive federal funding for certain programs. The interruption of or termination or failure to fund one or more of these programs, or other actions taken by Department of Government Efficiency (DOGE) could have an adverse impact on our business, financial condition, results of operations and cash flows.
We receive the majority of our revenue from state, local and county governments which vary in size, duration and conditions from domestic governmental institutions, to provide local health programs and other initiatives that we help staff and implement. The U.S. government has and may continue to implement initiatives focused on efficiencies, affordability and cost growth and other changes, such as those pursued by the recently created DOGE. On January 20, 2025, President Trump announced an executive order establishing the DOGE to maximize government efficiency and productivity. In February 2025, President Trump stated that he has directed DOGE to review spending for potential waste and fraud. Pressures on and uncertainty surrounding the U.S. federal governments budget and potential changes in budgetary priorities, could adversely affect our revenue, financial condition, and results of operations in ways that are indeterminate at this time. These initiatives and changes to procurement practices may change the way government funding is provided, if at all, which may affect whether and how we pursue opportunities to provide our products and services, which may have an adverse impact on our business, financial condition, results of operations and cash flows.