Summary by Moomoo AI
Maison Solutions Inc. has announced that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended July 31, 2024, within the prescribed time frame. The delay is due to the company and its independent accounting firm requiring additional time to review the financial statements. Maison Solutions anticipates filing the report within the five-day extension period allowed by Rule 12b-25. The company also disclosed that it expects a significant change in its results of operations for the quarter ended July 31, 2024, compared to the same quarter in the previous year. Preliminary figures indicate that the company will report approximately $29.65 million in total revenues and a net income of about $0.70 million, which is a substantial increase from the $13.75 million in revenues and a net loss of $0.01 million reported in the previous year. This increase is primarily attributed to the acquisition of Lee Lee by the company's subsidiary, AZLL, LLC, on April 8, 2024. The financial figures provided are preliminary and unaudited.
