Karman Space & Defense Extends 10K Filing Date as Audit Support for February IPO Lengthens Full Year Audit Timeline; Affirms Strong 2024 Financial Performance and Schedules Full Fiscal Year 2024 Earnings Conference Call
Karman Space & Defense (NYSE: KRMN) has announced an extension of its 10K filing date due to delayed audit activities stemming from its February IPO. The company, which specializes in designing and manufacturing mission-critical subsystems for missile, uncrewed aircraft, and space systems, has affirmed that its 2024 financial performance remains strong and aligns with preliminary results outlined in its IPO registration statement.
The company will release its full fiscal year 2024 financial results on April 8, 2025, after market close, followed by a conference call at 1:30 PM PDT. The earnings discussion will be led by CEO Tony Koblinski, CFO Mike Willis, COO Jonathan Beaudoin, and VP of Investor Relations Steven Gitlin.
Karman Space & Defense (NYSE: KRMN) ha annunciato un'estensione della data di presentazione del suo 10K a causa di ritardi nelle attività di audit derivanti dalla sua IPO di febbraio. L'azienda, specializzata nella progettazione e produzione di sottosistemi critici per missioni per missili, aerei senza pilota e sistemi spaziali, ha confermato che le sue performance finanziarie per il 2024 rimangono solide e sono in linea con i risultati preliminari delineati nella sua dichiarazione di registrazione IPO.
L'azienda rilascerà i risultati finanziari completi per l'anno fiscale 2024 il 8 aprile 2025, dopo la chiusura del mercato, seguito da una conferenza telefonica alle 13:30 PDT. La discussione sui guadagni sarà guidata dal CEO Tony Koblinski, dal CFO Mike Willis, dal COO Jonathan Beaudoin e dal VP delle Relazioni con gli Investitori Steven Gitlin.
Karman Space & Defense (NYSE: KRMN) ha anunciado una extensión de la fecha de presentación de su 10K debido a retrasos en las actividades de auditoría derivadas de su OPI de febrero. La compañía, que se especializa en el diseño y fabricación de subsistemas críticos para misiones para misiles, aeronaves no tripuladas y sistemas espaciales, ha afirmado que su rendimiento financiero para 2024 sigue siendo sólido y se alinea con los resultados preliminares descritos en su declaración de registro de OPI.
La compañía publicará sus resultados financieros completos para el año fiscal 2024 el 8 de abril de 2025, después del cierre del mercado, seguido de una llamada de conferencia a la 1:30 PM PDT. La discusión sobre las ganancias será liderada por el CEO Tony Koblinski, el CFO Mike Willis, el COO Jonathan Beaudoin y el VP de Relaciones con Inversores Steven Gitlin.
Karman Space & Defense (NYSE: KRMN)는 2월 IPO로 인한 감사 활동 지연으로 인해 10K 제출 마감일 연장을 발표했습니다. 미사일, 무인 항공기 및 우주 시스템을 위한 임무 필수 하위 시스템 설계 및 제조를 전문으로 하는 이 회사는 2024년 재무 성과가 여전히 강력하며 IPO 등록 성명서에 요약된 예비 결과와 일치한다고 확인했습니다.
회사는 2025년 4월 8일 시장 마감 후에 2024 회계 연도 전체 재무 결과를 발표하며, 이후 오후 1시 30분 PDT에 컨퍼런스 콜이 진행됩니다. 수익 논의는 CEO Tony Koblinski, CFO Mike Willis, COO Jonathan Beaudoin 및 투자자 관계 부사장 Steven Gitlin이 이끌 것입니다.
Karman Space & Defense (NYSE: KRMN) a annoncé une prolongation de la date de dépôt de son 10K en raison de retards dans les activités d'audit résultant de son introduction en bourse de février. L'entreprise, spécialisée dans la conception et la fabrication de sous-systèmes critiques pour les missions de missiles, d'aéronefs sans pilote et de systèmes spatiaux, a confirmé que sa performance financière pour 2024 reste solide et est en ligne avec les résultats préliminaires décrits dans sa déclaration d'enregistrement d'IPO.
L'entreprise publiera ses résultats financiers complets pour l'année fiscale 2024 le 8 avril 2025, après la fermeture du marché, suivi d'une conférence téléphonique à 13h30 PDT. La discussion sur les bénéfices sera dirigée par le PDG Tony Koblinski, le directeur financier Mike Willis, le directeur des opérations Jonathan Beaudoin et le vice-président des relations avec les investisseurs Steven Gitlin.
Karman Space & Defense (NYSE: KRMN) hat eine Verlängerung des Abgabetermins für seinen 10K-Bericht aufgrund von Verzögerungen bei den Prüfungsaktivitäten infolge seines IPO im Februar angekündigt. Das Unternehmen, das sich auf die Gestaltung und Herstellung von missionskritischen Untersystemen für Raketen, unbemannte Flugzeuge und Raumfahrtsysteme spezialisiert hat, hat bestätigt, dass seine finanzielle Leistung für 2024 stark bleibt und mit den vorläufigen Ergebnissen übereinstimmt, die in seiner IPO-Registrierungserklärung aufgeführt sind.
Das Unternehmen wird seine vollständigen finanziellen Ergebnisse für das Geschäftsjahr 2024 am 8. April 2025 nach Börsenschluss veröffentlichen, gefolgt von einer Telefonkonferenz um 13:30 Uhr PDT. Die Diskussion über die Ergebnisse wird von CEO Tony Koblinski, CFO Mike Willis, COO Jonathan Beaudoin und VP der Investor Relations Steven Gitlin geleitet.
- Strong 2024 financial performance confirmed
- Results align with IPO registration statement projections
- Delayed 10K filing due to extended audit process
Insights
Karman Space & Defense's delay in filing its 10K raises mild compliance concerns that investors should monitor. For a recently public company (IPO completed just in February 2025), this extension represents a procedural hurdle rather than a fundamental issue. The company attributes the delay to extended audit processes following their IPO, which is a plausible explanation that frequently affects newly public entities adjusting to heightened reporting requirements.
While filing extensions are never ideal and can sometimes precede more significant issues, Karman has mitigated concerns by: 1) providing a specific explanation tied to their recent public offering, 2) affirming that 2024 results align with preliminary figures in their IPO prospectus, and 3) setting a definitive April 8th date for earnings release. These steps demonstrate appropriate transparency in their investor communications.
The lack of specific financial metrics in this announcement means investors should maintain healthy skepticism about management's assertions until verified. Delayed filings can potentially impact NYSE listing compliance if prolonged, though the defined timeline suggests this risk is contained. The upcoming earnings call will be crucial for confirming both the administrative nature of the delay and validating management's performance claims.
Management affirmed that its strong 2024 financial results were in line with preliminary 2024 results included in its IPO registration statement filed with the Securities and Exchange Commission, supported by fourth quarter performance.
The Company will issue financial results for its full fiscal year 2024 after financial markets close on Tuesday, April 8, 2025. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Time.
Hosting the call and webcast to review results for the full fiscal year 2024 will be Tony Koblinski, Chief Executive Officer; Mike Willis, Chief Financial Officer; Jonathan Beaudoin, Chief Operating Officer; and Steven Gitlin, Vice President, Investor Relations.
Conference Call and Webcast Event Summary
Date: April 8, 2025
Time: 1:30 PM PDT | 2:30 PM MDT | 3:30 PM CDT | 4:30 PM EDT
Participant Dial-In: toll-free +1 (800) 715-9871 / international toll +1 (646) 307-1963
Conference ID: 4015462
Investors with Internet access may listen to the live audio webcast directly by clicking here or via the Investors section of the Karman Space & Defense, Inc. website, https://investors.karman-sd.com, under “News and Events.” Please allow 10 minutes prior to the call to download and install any necessary audio software.
Audio Replay Options
An audio replay of the event will be archived on the Investor Relations section of the Company’s website at https://investors.karman-sd.com. The audio replay will also be available via telephone from Tuesday, April 8, 2025, at approximately 7:00 p.m. Pacific Time through Tuesday, April 15, 2025 at 11:59 p.m. Pacific Time. Dial toll-free +1 (800) 770-2030 or international toll +1 (609) 800-9909 and use Playback ID: 4015462.
ABOUT KARMAN SPACE & DEFENSE
We specialize in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems. Our customers choose our integrated payload protection, propulsion, and interstage system solutions to deliver mission success across a diverse set of existing and emerging programs supporting high-priority defense and commercial space sector initiatives. For more information, visit Karman-SD.com.
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Investor contact:
Steven Gitlin
investors@karman-sd.com
Media contact:
press@karman-sd.com
Source: Karman Space & Defense
FAQ
Why is Karman Space & Defense (KRMN) delaying its 10K filing?
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How did Karman's 2024 financial performance compare to IPO expectations?
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