Tempo SPAC Presentation Deck
Risk Factors
RISKS RELATING TO TEMPO'S BUSINESS AND INDUSTRY
We are an early-stage company with a history of losses. We have not been profitable historically and may not achieve or maintain profitability in the future.
Our limited operating history and rapid growth makes evaluating our current business and future prospects difficult and may increase the risk of your investment.
The success of our business is dependent on our ability to keep pace with technological changes and competitive conditions in our industry, and our ability to effectively adapt our services as our customers react to
technological changes and competitive conditions in their respective industries. We may not timely and effectively scale and adapt our existing technology, processes, and infrastructure to meet the needs of our business.
Our operating results and financial condition may fluctuate from period to period and may fall below expectations in any particular period, which could adversely affect the market price of our common stock.
We compete with numerous other diversified manufacturing service providers, electronic manufacturing services and design providers and others, and may face increasing competition, which could cause our operating
results to suffer.
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Customer relationships with emerging companies may present more risks than with established companies.
We may be adversely affected by supply chain issues, including shortages of required electronic components.
Our gross profit and gross margin are dependent on a number of factors, including our product mix, market prices, labor costs and availability, acquisitions we may make and our ability to achieve cost synergies, level of
capacity utilization and component, material, and other services prices.
Our failure to meet our customers' price expectations may adversely affect our business and results of operations.
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If demand for our products does not grow as expected, or develops more slowly than expected, our revenues may stagnate or decline, and our business may be adversely affected.
Defects in shipped products that give rise to product returns or warranty or other claims could result in material expenses, diversion of management time and attention, adversely affect customer relationships and damage
to our reputation.
We may be involved in legal proceedings, including intellectual property ("IP"), anti-competition and securities litigation, employee-related claims and regulatory investigations, which could, among other things, divert
efforts of management and result in significant expense and loss of our IP rights.
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We are dependent on a limited number of customers and end markets. A decline in revenue from, or the loss of, any significant customer, could have a material adverse effect on our financial condition and operating
results.
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Our operations could suffer if we are unable to attract and retain key management or other key employees.
The effect of COVID-19 on our operations and the operations of our customers, suppliers and logistics providers has had, and may continue to have, a material and adverse impact on our financial condition and results of
operations.
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OCTOBER 2021 52
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