OPLN

• Foreign-currency exposure is limited and stems mainly from intercompany loans and translation of Canadian, UK, and European subsidiaries.
• The company does not use foreign-exchange contracts to hedge the Canadian dollar, British pound, or euro.
• A 1% change in the month-end Canadian dollar rate would have impacted intercompany-loan foreign currency by $2.1M and net income by $1.6M for the six months ended June 30, 2026.
• A 1% change in the month-end euro rate would have impacted intercompany-loan foreign currency by $0.6M and net income by $0.5M for the same period.
• Interest-rate risk comes from variable-rate borrowings; the company does not use interest-rate contracts to manage it.
• A hypothetical 100-basis-point increase in short-term rates (SOFR/CORRA) would have raised interest expense by $1.4M and $2.8M for the three and six months ended June 30, 2026, respectively.

We are involved in litigation and disputes arising in the ordinary course of business. Although the outcome of litigation cannot be accurately predicted, based on evaluation of information presently available, our management does not currently believe that the ultimate resolution of these actions will have a material adverse effect on our financial condition, results of operations or cash flows. Certain legal proceedings in which the Company is involved are discussed in Note 18 to the consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2025 and Part I, Item 3 of the same Annual Report. Unless otherwise indicated therein, all proceedings discussed in the Annual Report remain outstanding.

Before deciding to invest in our Company, in addition to the other information contained in our Annual Report on Form 10-K and other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the factors discussed in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, which could materially and adversely affect our business, financial condition, prospects, results of operations and cash flows. In such case, the trading price of our common stock could decline and you could lose all or part of your investment. The risks described in our most recent Annual Report on Form 10-K, including macroeconomic conditions and geopolitical events, are not the only risks we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also materially affect our business, financial condition, results of operations and prospects.