NWTN ( (NWTN) ) has released a notification of late filing.
NWTN Inc. has announced a delay in filing its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the need for additional time to prepare the financial statements, which could not be completed without unreasonable effort or expense. The company expects to file the report within the fifteen-day grace period allowed by the Securities Exchange Act of 1934. Preliminary financial results indicate a net loss of approximately $40 million for 2024, a significant improvement from the $267 million loss in 2023. These figures are still under review and may change. NWTN Inc. is committed to ongoing compliance efforts, as indicated by the notification signed by CEO Alan Nan WU.
More about NWTN
YTD Price Performance: -59.08%
Average Trading Volume: 499,566
Technical Sentiment Signal: Buy
Current Market Cap: $103.2M
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