Eightco Holdings ( (OCTO) ) has released a notification of late filing.
Eightco Holdings Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The primary reason for this delay is the company’s ongoing efforts to compile necessary financial information, coupled with the need for additional time by its independent accounting firm to review the financial statements. The company anticipates filing the report within fifteen calendar days following the original due date. Financially, Eightco Holdings expects a significant improvement in net income, reporting approximately $290,000 for 2024 compared to a net loss of $69,057,115 in 2023. This change is attributed to the absence of charges related to warrants and convertible notes. However, revenues are expected to decrease to $39.6 million from $67.6 million due to reduced capital for inventory purchases. The company remains committed to compliance, as indicated by CEO Paul Vassilakos’s signature on the notification.
More about Eightco Holdings
YTD Price Performance: -45.00%
Average Trading Volume: 45,394
Technical Sentiment Signal: Buy
Current Market Cap: $2.69M
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