RedCloud Holdings plc ( (RCT) ) has released a notification of late filing.
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RedCloud Holdings plc has announced a delay in filing its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The primary reason for the delay is attributed to the significant increase and growth in operations during 2024 compared to 2023, necessitating additional time to prepare the financial statements. The company expects to file the report within the fifteen-day grace period provided by Rule 12b-25. Preliminary financial information suggests a substantial increase in revenue, estimated to be between $44.8 million and $46.0 million, compared to $19.8 million in 2023, driven by a 110% growth in Total Transaction Value (TTV). RedCloud Holdings is committed to ongoing compliance efforts, as indicated by the signature of CEO Justin Floyd on the notification.
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