A Dark Vector Cognition product

Item 2. Properties

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Item 2. Properties

Our corporate headquarters is located in Sunnyvale, California and comprises approximately 390,000 square feet of building space on twenty acres of land. Along with our corporate headquarters, as of December 31, 2021, we own approximately 290,000 square feet in Union City, California, used for manufacturing assembly and operations; approximately 460,000 square feet of office space in Burnaby and Ottawa, Canada, used for operations, support and research and development work; approximately 100,000 square feet of office space in Florida; approximately 90,000 square feet of office space in Texas; and approximately 70,000 square feet of office space in Valbonne, France, predominantly used for sales and support. We also own additional building space in Sunnyvale and Union City, California, for future development of approximately 140,000 square feet.

We maintain additional leased offices throughout the world, predominantly used as sales and support offices. We believe that our existing properties are sufficient and suitable to meet our current needs. We intend to expand our facilities or add new facilities to support our future growth and enter new geographic markets, and we believe that suitable additional or alternative space will be available or can be developed as needed to accommodate ongoing operations and any such growth.

However, we expect to incur additional operating expenses and capital expenditures in connection with such new or expanded facilities.

For information regarding the geographical location of our property and equipment, refer to Note 17 to our consolidated financial statements in Part II, Item 8 of this Annual Report on Form 10-K.

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