Summary by Moomoo AI
INNO Holdings Inc. has filed a notification of late filing with the SEC, indicating that it will delay the submission of its annual report on Form 10-K for the fiscal year ended September 30, 2023. The company cited the need for additional time to complete its audited financial statements as the reason for the delay. INNO Holdings expects to file the report within the fifteen-day extension period provided by Rule 12b-25(b). Preliminary financial results suggest a significant decrease in revenue, from $4.5 million in the previous year to approximately $2.0 million, and a reduction in costs and operating expenses by about $0.6 million. The company anticipates no significant changes to these preliminary figures, which are still subject to finalization upon completion of the audited financial statements. The notification was signed by Tianwei Li, the Chief Financial Officer of INNO Holdings, on January 3, 2024.
