RiskOn International, Inc. has filed a notification of late filing with the Securities and Exchange Commission (SEC) for its Form 10-Q, which was due for the period ended December 31, 2023. The company cited the compilation, dissemination, and review of the required information as imposing undue hardship and expense, making timely filing impracticable. RiskOn International expects to file the report within the five-day extension period provided by Rule 12b-25(b). In the interim financial data provided, RiskOn International anticipates a significant increase in both revenue and gross loss for the three and nine months ended December 31, 2023, compared to the same periods in the previous year. The company estimates an operating loss increase of approximately $7 million for the three-month period and $25 million...Show More

RiskOn International, Inc. has filed a notification of late filing with the Securities and Exchange Commission (SEC) for its Form 10-Q, which was due for the period ended December 31, 2023. The company cited the compilation, dissemination, and review of the required information as imposing undue hardship and expense, making timely filing impracticable. RiskOn International expects to file the report within the five-day extension period provided by Rule 12b-25(b). In the interim financial data provided, RiskOn International anticipates a significant increase in both revenue and gross loss for the three and nine months ended December 31, 2023, compared to the same periods in the previous year. The company estimates an operating loss increase of approximately $7 million for the three-month period and $25 million for the nine-month period. The anticipated loss from continuing operations is approximately $11 million for the three months and $14 million for the nine months, reflecting a substantial change from the income reported in the corresponding periods of the previous year. These financial changes are attributed to various factors including increased advertising expenses, platform fees, and costs associated with the RiskOn 360 conference.