NewAge, Inc. Delays Fourth Quarter and Full Year 2021 Financial Results Conference Call

Rhea-AI Summary

NewAge, Inc. (NBEV) announced it will reschedule its fourth quarter and full year 2021 earnings report and conference call to allow additional time for its Annual Report on Form 10-K. The company plans to file a Form 12b-25, granting a 15-day extension for this filing, which is now expected to occur on or before March 31, 2022. The delay raises concerns regarding timely financial disclosures but reflects the company's commitment to ensuring accuracy in reporting.

Positive

• None.

Negative

• Delay in financial disclosures may signal underlying issues in preparation or reporting.
• Filing for a late extension could lead to increased scrutiny from investors and regulators.

SALT LAKE CITY, March 15, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced its fourth quarter and full year 2021 earnings release and conference call will be rescheduled to allow additional time to complete its Annual Report on Form 10-K. The Company will be filing a Form 12b-25, Notification of Late Filing, on March 16, 2022, which will provide the Company with a 15-day extension to file its Form 10-K. The Company expects to report financial results for the quarter and full year ended December 31, 2021, on or before March 31, 2022, the expiration date of the extension period. Updated conference call details will be provided in a subsequent announcement.

About NewAge, Inc.
NewAge is a purpose-driven company dedicated to inspiring the planet to Live Healthy™. NewAge commercializes a portfolio of healthy products worldwide primarily through a direct selling route to market distribution system across more than 50 countries. The company competes in three major category platforms including health and wellness, inner and outer beauty, and nutritional performance and weight management — through a network of exclusive independent Brand Partners, empowered with the leading social selling tools and technology available worldwide. More information on the Company can be found at NewAgeGroup.com.

Contact:

Investors
NewAge, Inc.
Lisa Mueller
VP, Investor Relations
ir@newage.com

FAQ

What are the financial results for NewAge (NBEV) expected to be released?

NewAge plans to report its financial results for Q4 and full year 2021 on or before March 31, 2022.

Why is NewAge (NBEV) delaying its earnings report?

The earnings report is delayed to allow more time to complete the Annual Report on Form 10-K.

What does the filing of Form 12b-25 mean for NewAge (NBEV)?

Filing Form 12b-25 provides NewAge with a 15-day extension for filing its Form 10-K.

When was NewAge's earnings conference call rescheduled?

The specific date for the rescheduled conference call will be announced in a subsequent release.