NaaS Technology ( (NAAS) ) has released a notification of late filing.
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NaaS Technology Inc. has announced a delay in filing its Annual Report on Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The primary reason for this delay is the unavailability of the company’s consolidated financial statements, which could not be completed without unreasonable effort or expense. The company anticipates filing the report within 15 calendar days following the prescribed due date. NaaS Technology has indicated that there will be no significant changes in its financial results compared to the previous fiscal year. The notification includes forward-looking statements, highlighting potential risks and uncertainties. The company is working diligently to ensure compliance with all regulatory requirements, as confirmed by the signature of Steven Sim, the Chief Financial Officer, on April 30, 2025.
Spark’s Take on NAAS Stock
According to Spark, TipRanks’ AI Analyst, NAAS is a Neutral.
NaaS Technology’s overall stock score reflects its high financial risk due to negative equity and profitability challenges, despite strong revenue growth. Technical analysis indicates bearish trends, while valuation metrics underscore potential overvaluation. However, recent earnings call insights reveal positive shifts towards profitability and efficiency, slightly enhancing the outlook.
To see Spark’s full report on NAAS stock, click here.
More about NaaS Technology
YTD Price Performance: -81.88%
Average Trading Volume: 878,815
Technical Sentiment Signal: Buy
Current Market Cap: $4.43M
For a thorough assessment of NAAS stock, go to TipRanks’ Stock Analysis page.