STOCK TITAN

ReShape Lifesciences® To Delay Year Ended December 31, 2022 Earnings Release and Conference Call

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ReShape Lifesciences (Nasdaq: RSLS) announced a delay in its earnings release for the year ended December 31, 2022. The earnings call, initially set for March 29, 2023, is postponed to provide additional time for the completion of the year-end audited financial information. The company will communicate a new date and time for the earnings release once the audit process is finalized. ReShape Lifesciences specializes in weight loss and metabolic health solutions, offering products like the FDA-approved Lap-Band System and the virtual weight-management program ReShapeCare.

Positive
  • The company is completing its year-end audited financial information, indicating transparency and diligence in financial reporting.
Negative
  • The delay in the earnings release could lead to uncertainty among investors regarding the company's financial performance.

SAN CLEMENTE, Calif., March 28, 2023 (GLOBE NEWSWIRE) -- ReShape Lifesciences Inc. (Nasdaq: RSLS), the premier physician-led weight loss and metabolic health-solutions company, today announced that it will delay its year ended December 31, 2022 earnings release and conference call, previously scheduled for 8:00 am ET on March 29, 2022. The delay is required to allow the company additional time to complete its year end audited financial information.

ReShape Lifesciences will issue a press release announcing a new date and time of the postponed earnings release and conference call upon completion of the year end audited financial information.

About ReShape Lifesciences®
ReShape Lifesciences® is America’s premier weight loss and metabolic health-solutions company, offering an integrated portfolio of proven products and services that manage and treat obesity and metabolic disease. The FDA-approved Lap-Band® System provides minimally invasive, long-term treatment of obesity and is an alternative to more invasive surgical stapling procedures such as the gastric bypass or sleeve gastrectomy. ReShapeCare™ is a virtual weight-management program that supports lifestyle changes for all weight loss patients led by board-certified health coaches to help them keep the weight off over time. The recently launched ReShape Marketplace™ is an online collection of quality wellness products curated for all consumers to help them achieve their health goals. The investigational Diabetes Bloc-Stim Neuromodulation™ (DBSN™) system utilizes a proprietary vagus nerve block and stimulation technology platform for the treatment of Type 2 diabetes and metabolic disorders. The Obalon® balloon technology is a non-surgical, swallowable, gas-filled intra-gastric balloon that is designed to provide long-lasting weight loss. For more information, please visit www.reshapelifesciences.com.

Forward-Looking Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those discussed due to known and unknown risks, uncertainties, and other factors. These forward-looking statements generally can be identified by the use of words such as "expect," "plan," "anticipate," "could," "may," "intend," "will," "continue," "future," other words of similar meaning and the use of future dates. These and additional risks and uncertainties are described more fully in the company's filings with the Securities and Exchange Commission, including those factors identified as "risk factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. We are providing this information as of the date of this press release and do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise, except as required by law.

CONTACTS
ReShape Lifesciences Investor Contact:
Thomas Stankovich
Chief Financial Officer
949-276-6042
ir@ReShapeLifesci.com

Investor Relations Contact:
Rx Communications Group
Michael Miller
(917)-633-6086
mmiller@rxir.com


FAQ

When will ReShape Lifesciences release its 2022 earnings?

The exact date for the 2022 earnings release has not been announced yet; a new date will be provided once the audit is complete.

Why did ReShape Lifesciences delay its earnings release?

The delay is necessary to allow additional time for the completion of the year-end audited financial information.

What is the significance of the earnings delay for RSLS investors?

The delay may cause uncertainty among investors regarding the company's financial status and performance.

What products does ReShape Lifesciences offer?

ReShape Lifesciences offers products including the Lap-Band System, ReShapeCare virtual program, and the investigational Diabetes Bloc-Stim Neuromodulation system.

ReShape Lifesciences, Inc.

NASDAQ:RSLS

RSLS Rankings

RSLS Latest News

RSLS Stock Data

3.28M
649.97k
5.58%
1.83%
4.94%
Medical Devices
Pharmaceutical Preparations
Link
United States of America
SAN CLEMENTE