Item 2.02 Results of Operations and Financial Condition
On
The information furnished in this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
Item 2.05 Costs Associated with Exit or Disposal Activities
On
We estimate that we will incur approximately
Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process into the first quarter of 2023 or beyond in certain countries. The charges that we expect to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ materially from the estimates disclosed above.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company's preliminary financial results for the third quarter of fiscal 2022, expectations regarding the costs, timing and financial impacts of the Restructuring Plan, and related matters. The outcome of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company's actual results could differ materially from the results expressed or implied by the forward-looking statements the Company makes. You should not rely on forward-looking statements as predictions of future results.
The risks and uncertainties referred to above include - but are not limited to -
risks related to the COVID-19 coronavirus pandemic; our ability to retain and
upgrade customers; our revenue growth rate; our brand (including our
rebranding); our marketing strategies; our self-serve business model; the length
of our sales cycles; the growth and development of our salesforce; security
measures; expectations regarding our ability to timely and effectively scale and
adapt existing technology and network infrastructure to ensure that our products
and services are accessible at all times; competition; our debt; revenue
recognition; our ability to manage our growth; our culture and talent; our data
centers; privacy, security and data transfer concerns, as well as changes in
regulations, which could impact our ability to serve our customers or curtail
our monetization efforts; litigation and regulatory issues; expectations
regarding the return on our strategic investments; execution of our plans and
strategies, including with respect to mobile products and features and expansion
into new areas and businesses; our international operations; intellectual
property; the application of
Further information on these and other factors that could affect our financial
results are included in documents filed with the
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Investor Relations website page at investor.momentive.ai. We undertake no obligation to update any forward-looking statements made in this Current Report on Form 8-K after the date of this Current Report on Form 8-K, except as required by law.
Non-GAAP Financial Measures
Please see the earnings press release furnished as exhibit 99.2 to our Current
Report on Form 8-K filed with the
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