Rackspace Technology ( (RXT) ) has released a notification of late filing.
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Rackspace Technology has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the complexity of recent debt refinancing transactions, which have significant implications for the company’s income tax accounting. Rackspace expects to file the report no later than fifteen days after the original deadline. The company anticipates changes in financial results, including a $4.4 million tax adjustment that will improve the net loss per share. Rackspace is committed to resolving these issues and ensuring compliance, as indicated by the signature of Mark Marino, Executive Vice President and CFO.
More about Rackspace Technology
YTD Price Performance: -10.96%
Average Trading Volume: 872,616
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $477.9M
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