Company: CDLX
Filing Date: 2025-04-03
Form Type: ARS
Source: 0001666071-25-000048
Chunk: 39

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: ARS
Chunk 39
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 results; • longer payment cycles and difficulties in collecting accounts receivable or satisfying revenue recognition criteria; • increased financial accounting and reporting burdens and complexities; • general economic conditions in each country or region, including inflationary pressure; • the global economic uncertainty and financial market conditions; • reduction in billings associated with the U.K. as well as issues related to foreign currency exchange rates and trade with foreign jurisdictions; • contractual and legislative restrictions or changes; • economic uncertainty around the world; • compliance with foreign laws and regulations and the risks and costs of non-compliance with such laws and regulations; • compliance with applicable laws and regulations for foreign operations, including the Foreign Corrupt Practices Act, the U.K. Bribery Act, import and export control laws, tariffs, trade barriers, economic sanctions and other regulatory or contractual limitations on our ability to sell our products in certain foreign markets, and the risks and costs of non- compliance; • potential changes in a specific country's or region's political or economic climate, including ongoing international tension and conflict; • heightened risks of unfair or corrupt business practices in certain geographies and of improper or fraudulent sales arrangements that may impact financial results, which may also result in restatements of financial statements or irregularities in financial statements; • difficulties in repatriating or transferring funds from or converting currencies in certain countries; • cultural differences inhibiting foreign employees from adopting our corporate culture; • reduced protection for intellectual property rights in some countries and practical difficulties of enforcing rights abroad; and • compliance with the laws of foreign taxing jurisdictions and overlap of different tax regimes. Any of these risks could adversely affect our international operations, reduce our international revenues or increase our operating costs, adversely affecting our business, financial condition and operating results. If we do not manage our growth effectively, the quality of our solutions may suffer, and our business, financial condition and operating results may be negatively affected. The growth in our business has placed, and is expected to continue to place, a significant strain on our managerial, administrative, operational and financial resources, as well as our infrastructure. We rely heavily on information technology ("IT") systems to manage critical functions such as data storage, data processing, matching and retrieval, revenue recognition, budgeting, forecasting and financial reporting. To manage our growth effectively, we must continue to improve and expand our infrastructure, including our IT, financial and administrative systems and controls. In particular, we may need to significantly expand our IT infrastructure as the amount of data we store and transmit increases over time, which will require that we both