SMX Public Limited Company ( (SMX) ) has released a notification of late filing.
Company and Filing Details: SMX Public Limited Company has submitted a Form 12b-25 for a delayed Form 20-F (Yearly Report) for the financial period ending on December 31, 2024.
Reason for Delay: The delay is attributed to the company’s inability to compile all necessary information for the annual report without incurring unreasonable effort or expense.
Expected Filing Timeline: The company anticipates filing the delayed report within fifteen calendar days following the prescribed due date.
Financial Impact and Statements: SMX expects significant changes in financial results, including increased research and development expenses and net finance expenses, alongside a decrease in general and administrative expenses. The company projects an operating loss of approximately $16,781 thousand and a net loss of about $35,442 thousand for 2024, indicating a substantial increase from the previous year.
Next Steps and Signature: SMX is actively working on compliance efforts, with the notification signed by CEO Haggai Alon.
More about SMX Public Limited Company
YTD Price Performance: -89.70%
Average Trading Volume: 907,705
Technical Sentiment Signal: Buy
Current Market Cap: $4.96M
For detailed information about SMX stock, go to TipRanks’ Stock Analysis page.