Vado ( (VADP) ) has released a notification of late filing.
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Vado Corp., a company based in Venice, California, has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay is attributed to a change in the company’s financial accounting personnel, which has made timely filing challenging without incurring unreasonable effort or expense. Vado Corp. anticipates submitting the delayed report within 15 calendar days following the original due date. Despite the delay, the company expects to report a revenue increase to approximately $21.3 million for FY 2024, up from $16.0 million in FY 2023. However, the gross profit is expected to decrease due to competitive pricing pressures, resulting in a net loss of approximately $5.9 million for FY 2024, compared to a net loss of $8.5 million in the previous year. The notification was signed by Jason Wulfsohn, Chairman of the Board of Directors, who assured ongoing compliance efforts.
More about Vado
YTD Price Performance: 40.0%
Average Trading Volume: 85,920
Technical Sentiment Signal: Buy
Current Market Cap: $5.2M
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