Summary by Futu AI
SinglePoint Inc. has announced a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023. The company cited unexpected delays that prevented the filing within the prescribed period and noted that its independent accounting firm requires additional time to complete the review of the financial statements. SinglePoint anticipates filing the report no later than 15 calendar days from the due date. Preliminary results indicate an increase in operating revenues to approximately $28.6 million in 2023 from $21.8 million in 2022, a rise in gross profit to $7.6 million from an operating loss of $6.3 million, and a net loss of $12.3 million, up from $9.2 million. Operating expenses also increased to $17.9 million from $13.1 million. These figures are subject to change as they are still under review. The company has confirmed that all other periodic reports have been filed and anticipates significant changes in the results of operations from the previous fiscal year.