20-F Filings

Strategic signals extracted from annual 20-F filings (international 10-K equivalent)

Why This Signal Matters

Access international company filings in SEC format
Identify strategic initiatives from foreign private issuers
Track global market expansion and competitive dynamics
Surface compliance and regulatory challenges
Time outreach with major business changes

Available Subtypes

Subtype Enum	Description
`acquisitionAnnounced`	Company announced an upcoming acquisition
`acquisitionCompleted`	Company completed an acquisition
`aiInvestment`	Company is investing in AI/ML capabilities
`auditIssue`	Audit findings or concerns identified
`automationInvestment`	Investing in automation initiatives to improve efficiency
`backlogGrowth`	Order backlog is growing significantly
`bankruptcyProceeding`	Bankruptcy filing or proceeding disclosed
`boardChange`	Changes to board of directors
`bookingsDecline`	Decline in bookings or orders
`capacityConstraint`	Facing capacity constraints or limitations
`capexIncrease`	Capital expenditure is increasing
`carbonCommitment`	Carbon reduction or net-zero commitments
`cashFlowConcern`	Facing cash flow challenges or concerns
`ceoChange`	New CEO appointed
`cfoChange`	New CFO appointed
`channelShift`	Shifting sales or distribution channels
`chroChange`	New Chief Human Resources Officer appointed
`cioChange`	New CIO appointed
`cisoChange`	New CISO appointed
`cloudInvestment`	Investing in cloud infrastructure and migration
`cmoChange`	New CMO appointed
`competitorNamed`	Specific competitor mentioned as significant threat
`complianceBurden`	Facing significant regulatory compliance challenges
`cooChange`	New COO appointed
`costReduction`	Actively pursuing cost reduction initiatives
`croChange`	New Chief Revenue Officer appointed
`ctoChange`	New CTO appointed
`customerChurn`	Experiencing customer churn issues
`customerConcentration`	Revenue concentrated in few customers
`cybersecurityIncident`	Cybersecurity breach or incident disclosed
`cybersecurityInvestment`	Investing in cybersecurity measures and infrastructure
`dataInvestment`	Investing in data and analytics capabilities
`debtRefinancing`	Refinancing debt obligations
`deiInitiative`	Diversity, equity, and inclusion initiatives
`digitalTransformation`	Undergoing digital transformation initiatives
`divestiture`	Divesting business units or assets
`environmentalLiability`	Facing environmental liability or remediation
`founderDeparture`	Founder leaving the company
`generalCounselChange`	New General Counsel appointed
`goodwillImpairment`	Taking goodwill impairment charges
`governanceChange`	Corporate governance changes
`hiringFreeze`	Hiring freeze announced
`inflationImpact`	Inflation significantly impacting costs or margins
`internalControlWeakness`	Internal control weaknesses identified
`internationalGrowth`	Expanding international presence
`inventoryIssue`	Facing inventory management challenges
`jointVenture`	Forming joint venture or strategic partnership
`laborShortage`	Facing labor or talent shortages
`layoffs`	Workforce reduction announced
`legacyModernization`	Modernizing legacy systems and technical debt
`litigationMaterial`	Facing material litigation or legal matters
`logisticsChallenge`	Experiencing logistics and distribution difficulties
`majorContractLoss`	Lost significant contract or deal
`majorContractWin`	Won significant contract or deal
`manufacturingIssue`	Facing manufacturing challenges or capacity constraints
`marginPressure`	Profit margins under pressure
`marketExpansion`	Expanding into new markets or segments
`marketShareLoss`	Losing market share to competitors
`materialContract`	Significant contract or agreement disclosed
`platformStrategy`	Pursuing platform-based business strategy
`pricingPressure`	Facing competitive pricing pressure
`productLaunch`	Launching new products or services
`productLiability`	Facing product liability issues
`qualityIssue`	Product or service quality issues
`recurringRevenueShift`	Shifting business model toward recurring revenue
`regulatoryFine`	Regulatory fine or penalty
`regulatoryInvestigation`	Under regulatory investigation
`restructuring`	Undergoing organizational restructuring
`restructuringCharge`	Taking restructuring charges
`softwareImplementation`	Implementing major new software systems
`spinoff`	Spinning off business unit
`successionAnnouncement`	Leadership succession plan announced
`supplierConcentration`	Supply chain concentrated in few suppliers
`supplyChainDisruption`	Experiencing supply chain disruptions
`sustainabilityInvestment`	Investing in ESG and sustainability initiatives

Signal Categories

Signals are organized into these categories:

Category	Description
`strategic`	M&A, platform strategy, product launches, ESG initiatives
`market`	Expansion, competition, pricing, customer dynamics
`financial`	Margins, capex, debt, revenue model changes
`technology`	AI, automation, digital transformation, cybersecurity investments
`risk`	Compliance, internal controls, concentration risks
`operations`	Supply chain, inventory, restructuring, cost reduction initiatives
`revenue`	Revenue trends, bookings, growth signals
`workforce`	Leadership changes, talent acquisition, labor challenges
`leadership`	Executive and board changes
`esg`	Environmental, social, governance initiatives

Schema

{
  "signal_id": "0de2fe34-72e4-4e3f-8a30-76fcf9d4b816",
  "batch_id": "8034392c",
  "signal_type": "20f",
  "signal_subtype": "aiInvestment",
  "detected_at": "2026-01-03T17:57:59.940137Z",
  "association": "company",
  "company": {
    "name": "Ciena Corporation",
    "domain": "www.ciena.com",
    "ticker": "CIEN",
    "linkedin_url": "linkedin.com/company/ciena",
    "industries": [
      "Communication Equipment"
    ],
    "employee_count_low": 8795,
    "employee_count_high": 8795,
    "description": "Ciena Corporation is an American optical networking systems and software company."
  },
  "data": {
    "summary": "Ciena pivots strategy to meet massive network demand from AI workloads.",
    "detail": "The company identifies AI as the primary driver of bandwidth demand, requiring new investments in high-speed networking solutions.",
    "relevance": 1.0,
    "confidence": "high",
    "sentiment": "positive",
    "excerpts": "Networks continue to experience strong demand for increased bandwidth due to traffic growth, primarily driven by the impact of AI.",
    "source_url": "https://www.sec.gov/Archives/edgar/data/936395/000162828025056698/cien-20251101.htm",
    "technologies_mentioned": [
      "AI",
      "GPU clusters",
      "foundation models"
    ],
    "fiscal_year_end": "11/01",
    "filing_year": 2025,
    "sales_relevance": "Target for AI vendors",
    "competitors_mentioned": [
      "Cisco",
      "Juniper Networks"
    ],
    "regions_mentioned": [
      "North America",
      "EMEA",
      "Asia Pacific"
    ],
    "vendors_mentioned": [
      "AWS",
      "Microsoft Azure"
    ],
    "signal_category": "technology",
    "metrics": {
      "dollar_millions": null,
      "dollar_context": null,
      "pct": null,
      "pct_context": null,
      "timeframe": "current_year"
    }
  }
}

Field Reference

Core Fields

Field	Type	Required	Description
`signal_id`	string (UUID)	✓	Unique identifier for this signal
`batch_id`	string		Processing batch identifier
`signal_type`	string	✓	Always "20f"
`signal_subtype`	string	✓	Specific signal type (see subtypes list)
`detected_at`	string (ISO 8601)	✓	When signal was extracted
`association`	string	✓	Always "company"

Company Object

Field	Type	Required	Description
`company.name`	string	✓	Company name
`company.domain`	string	✓	Company website domain
`company.ticker`	string		Stock ticker symbol
`company.linkedin_url`	string (nullable)		LinkedIn company URL
`company.industries`	array[string]		Industry classifications
`company.country`	string		Country code (e.g., "IN", "DE", "JP")
`company.employee_count_low`	integer		Employee count (low estimate)
`company.employee_count_high`	integer		Employee count (high estimate)
`company.description`	string		Company description

Data Object

Field	Type	Required	Description
`data.summary`	string	✓	Brief summary of the signal
`data.detail`	string		Detailed explanation of the finding
`data.relevance`	float (0.0-1.0)		Relevance score
`data.confidence`	string		Confidence level: high, medium, low
`data.sentiment`	string		Sentiment: positive, negative, neutral
`data.excerpts`	string		Direct quote from the filing
`data.source_url`	string (URL)		Link to SEC filing
`data.technologies_mentioned`	array[string]		Technologies referenced
`data.competitors_mentioned`	array[string]		Named competitors
`data.vendors_mentioned`	array[string]		Named vendors/partners
`data.regions_mentioned`	array[string]		Geographic regions mentioned
`data.fiscal_year_end`	string (nullable)		Company's fiscal year end date
`data.filing_year`	integer		Year of the filing
`data.sales_relevance`	string		Sales opportunity context
`data.signal_category`	string		Category grouping for the signal (`strategic`, `market`, `financial`, `technology`, `risk`, `operations`, `revenue`, `workforce`, `leadership`, `esg`)
`data.metrics.dollar_millions`	float (nullable)		Dollar amount mentioned (in millions)
`data.metrics.dollar_context`	string (nullable)		Context for the dollar amount
`data.metrics.pct`	float (nullable)		Percentage mentioned
`data.metrics.pct_context`	string (nullable)		Context for the percentage
`data.metrics.timeframe`	string		Time context for the metrics (`immediate`, `current_year`, `current_quarter`, `next_quarter`, `next_year`, `next_two_years`, `next_three_years`, `multi_year`, `last_year`)

Coverage

Refresh: Monthly
Coverage: 12,500 companies
Best for: International enterprise sales, Global account planning, Cross-border M&A tracking