Hyperscale Data ( (GPUS) ) has released a notification of late filing.
Hyperscale Data, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the extensive requirements involved in compiling, disseminating, and reviewing the necessary information, which has made timely filing impractical without incurring undue hardship and expense. The company expects to file the report within 15 calendar days following the prescribed due date. Financially, Hyperscale Data reported a 19% decrease in revenue to $109 million for 2024, with a reduced loss from continuing operations of $57 million compared to the previous year’s $149 million. The company has also noted significant changes in its financial results, including a decrease in operating expenses and a net loss available to common stockholders of $62 million, down from $232 million in 2023. Hyperscale Data is continuing its compliance efforts, and the notification was signed by Kenneth S. Cragun, the Chief Financial Officer.
More about Hyperscale Data
YTD Price Performance: -51.39%
Average Trading Volume: 76,219
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.07M
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