January 01, 2024
By NuZee, Inc.
RICHARDSON, Texas – NuZee, Inc. (NASDAQ: NUZE), a leading coffee co-packing and technology company, on January 29, 2024 announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended September 30, 2023. The Company expects to file the Form 10-K on or before January 12, 2024.
“While the delayed filing of our Form 10-K is disappointing, we believe it is important to ensure continued improvement in all operating aspects of the business. We have begun a restructuring program which we expect to generate annual cash savings from immediate consulting, payroll and related expense reductions in excess of $1.0 million annually. My focus as newly appointed President and COO has been to rebuild the relationship with our largest customer and significantly improve our performance in meeting their standards. That effort has largely been successful, and we expect quarterly revenues from this customer to increase significantly beginning in our Q1,” said Randell Weaver, President, COO and CFO of NuZee, Inc.
Source: NuZee, Inc.
Photo courtesy of NuZee, Inc.
