Damon ( (DMNIF) ) has released a notification of late filing.
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Damon Inc. has filed a Form 12b-25, notifying a delay in submitting its Form 10-K (Yearly Report) for the financial period ending June 30, 2025. The primary reason for the delay is unforeseen processing delays that could not be resolved without unreasonable effort or expense. Damon Inc. anticipates filing the delayed report by September 30, 2025. The company reports a significant decrease in comprehensive loss, amounting to $5.4 million compared to $34 million in the previous fiscal year, primarily due to impairment of goodwill and changes in the fair value of financial liabilities. Forward-looking statements are included, highlighting potential risks and uncertainties. Damon Inc. is actively working on compliance, with the notification signed by Bal Bhullar, the Chief Financial Officer.
Spark’s Take on DMNIF Stock
According to Spark, TipRanks’ AI Analyst, DMNIF is a Underperform.
Damon Inc. is facing critical financial challenges with significant operational losses and high financial risk. Technical analysis indicates bearish trends, and valuation is unappealing due to lack of profitability. While recent corporate actions show efforts to reduce debt, the termination of loan agreements may hinder future financing, adding to the company’s precarious position.
To see Spark’s full report on DMNIF stock, click here.
More about Damon
Average Trading Volume: 161,025
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.29M
See more data about DMNIF stock on TipRanks’ Stock Analysis page.