Management’s Discussion and Analysis (MD&A):
- An executive overview identifying themes and significant matters with which management is focused in evaluating financial condition and operating results.
- Includes relevant economic or industry-wide factors.
- Informs how the company earns revenue.
- Discloses known material trends.
- Discusses key business metrics.
- Provides insight into material opportunities, challenges, and risks facing the business.
Additional Form S-1 contents include sections such as Risk Factors, the “Cap Table”, the Business, Financial Statements, a discussion of Executive Compensation, the Management/Board, and Corporate Governance.