Semtech Files Notification Of Late Filing On Form 12b-25; Says Goodwill Impairment Assessment Is Not Complete
Portfolio Pulse from Benzinga Newsdesk
Semtech Corporation has filed a notification of late filing on Form 12b-25, stating that its goodwill impairment assessment is not yet complete. The company plans to file its Q2 Form 10-Q with the SEC as soon as possible, but no later than September 13, 2023. Additionally, Semtech will reschedule its earnings release and investor conference call for Q2 of fiscal year 2024, which was initially scheduled for September 7, 2023.
September 06, 2023 | 9:50 pm
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NEGATIVE IMPACT
Semtech's late filing and rescheduling of its earnings release and investor call may cause uncertainty among investors, potentially impacting the company's stock price in the short term.
The delay in filing and rescheduling of important events such as earnings release and investor call can create uncertainty among investors. This uncertainty can lead to volatility in the stock price as investors react to the news. The fact that the delay is due to an incomplete goodwill impairment assessment could further increase investor concern, as it may indicate potential issues with the company's financial health.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100