Assure Holding Files Non-Timely 10-Q With SEC; Says Requires Additional Time To Finalize Its Financial Statements To Be Filed
Portfolio Pulse from Benzinga Newsdesk
Assure Holding has filed a non-timely 10-Q with the SEC, requiring additional time to finalize its financial statements. The company expects to file the Form 10-Q by May 20, 2024. It anticipates reporting a significant drop in revenue to approximately $10,000 for Q1 2024, compared to $3.6 million in Q1 2023, and a net loss of $3.1 million, an improvement from the $4.3 million net loss in the same period last year.
May 16, 2024 | 9:36 pm
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Assure Holding (IONM) has filed a non-timely 10-Q with the SEC, citing the need for additional time to finalize its financial statements. The company expects a drastic revenue drop to $10,000 for Q1 2024, compared to $3.6 million in Q1 2023, and a net loss of $3.1 million, an improvement from the $4.3 million net loss in the same period last year.
The non-timely filing and the significant drop in revenue are likely to negatively impact investor sentiment in the short term. However, the reduced net loss compared to the previous year may provide a slight cushion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100