Business Context and Reporting Period
This Form 8-K is filed by XpresSpa Group, Inc. (trading symbol: XSPA) on May 11, 2020. The filing addresses the company's request for an extension to file its Quarterly Report on Form 10-Q for the period ended March 31, 2020, which was originally due on May 15, 2020.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves solely as a procedural notice regarding a filing delay and does not contain financial statements or performance data for the period.
Material Changes
The company reports continued operational and business delays due to the outbreak of coronavirus disease 2019 (COVID-19). These conditions are consistent with disclosures made in a previous Form 8-K filed on March 30, 2020.
Guidance, Outlook, and Risks
- Filing Extension: Relying on an SEC order issued on March 25, 2020, the company is utilizing a 45-day grace period. The Form 10-Q for the quarter ended March 31, 2020, will be filed no later than June 29, 2020.
- Risks: The filing incorporates by reference risk factors previously disclosed on April 28, 2020, related to the ongoing impact of COVID-19.
- Forward-Looking Statements: The document includes standard disclaimers that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
Investor Verification Checklist
- Verify the final filing date of the Form 10-Q for the quarter ended March 31, 2020, to ensure it is submitted by the June 29, 2020 deadline.
- Review the Form 8-K filed on March 30, 2020, and the Form 8-K filed on April 28, 2020, for detailed operational impacts and risk factors related to COVID-19.
- Monitor subsequent filings for updated financial data, as this document contains no quantitative financial metrics.