What Ubiquiti Inc. told the SEC could break it.

Ubiquiti's manufacturing and logistics contractors are primarily in Vietnam and China, with significant R&D and a warehouse in Taiwan and operations in Ukraine — concentrating exposure to natural-disaster and geopolitical disruption.

“The manufacturing or shipping of our products at one or more facilities may be disrupted because our manufacturing and logistics contractors are primarily located in Vietnam and China. Our principal executive offices are located in New York, New York and we have operations in Ukraine, Taiwan and their surrounding countries.”

U.S. executive-order tariffs on imports from China and Vietnam — where Ubiquiti manufactures most products — have increased import costs and affected operating results and margins.

“Recently, the U.S. government has issued several executive orders imposing significant tariffs on imports from China, and tariffs on most imports from other counties, including Vietnam.”

Ubiquiti and its contract manufacturers depend on a single or limited number of suppliers for several components, especially chipsets; chipset shortages in 2020–2023 already raised costs and delayed production.

“While many components are generally available from a variety of sources, we and our contract manufacturers currently depend on a single or limited number of suppliers for several components for our products.”

Ubiquiti relies on a limited number of contract manufacturers to make its products; quality or capacity problems at those manufacturers could disrupt product supply.

“our reliance on a limited number of contract manufacturers to manufacture our products, and potential quality or product supply problems for our products if we are unable to secure sufficient components for our products or there is a shortage of manufacturing capacity;”