Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 38

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 1A
Chunk 38
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 well as increased enforcement actions by various governmental and regulatory agencies, will continue to increase the cost of our compliance and internal risk management programs, which could have an adverse effect on our business, results of operations, and financial condition. Further, if our practices and disclosures do not meet the expectations and standards of our stockholders, customers, and other industry stakeholders, our reputation and business activities may be negatively impacted and our appeal to certain investors may be reduced.

We may be unable to protect our intellectual property rights.

              Our success depends in part on our ability to obtain patents and to preserve our other intellectual property rights covering our products.  We seek patent protection for those inventions and technologies for which we believe such protection is suitable and is likely to provide a competitive advantage to us.  We also rely on trade secrets, proprietary technology, non-disclosure and other contractual terms, and technical measures to protect our technology and manufacturing knowledge.  We actively work to foster continuing technological innovation to maintain and protect our competitive position.  We cannot provide assurances that steps taken by us to protect our intellectual property will be adequate, that our competitors will not independently develop or design around our patents, or that our intellectual property will not be misappropriated.  In addition, the laws of some non-U.S. countries may not protect our intellectual property as well as the laws of the United States.              Any of these events could materially and adversely affect our business, operating results, or financial condition.  Policing infringement of our technology is difficult, and litigation may be necessary in the future to enforce our intellectual property rights.  Any such litigation could be expensive, take significant time, and divert management’s attention.

Financial Risks

We have historically experienced fluctuations in our operating results and expect these fluctuations to continue.

              Our quarterly and annual operating results are affected by a wide variety of factors that could materially and adversely affect our net sales, gross margin, and operating results.  If our operating results fall below expectations of market analysts or investors, the market price of our common stock could decrease significantly.  We are subject to business cycles and it is difficult to predict the timing, length, or volatility of these cycles.  These business cycles may create pressure on our sales, gross margin, and/or operating results and make it difficult for us to predict operating results as between subsequent fiscal quarters.              Factors that could cause fluctuations and materially and adversely affect our net sales, gross margin and/or operating results include, but are not limited to:    - the volume and timing of orders received;-