Sunday 21 July 2024
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NuZee, Inc. announces delay in filing Annual Report on Form 10-K

The Company expects to file the Form 10-K on or before January 12, 2024

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RICHARDSON, Texas, USA – NuZee, Inc., a leading coffee co-packing and technology company, today 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.

About NuZee

NuZee, Inc. is a leading co-packing company for single-serve coffee formats that partners with companies to help them expand within the single-serve and private label coffee category.

Providing end-to-end innovative and sustainable solutions with the flexibility and capacity for both small roasters and large global brands, NuZee is revolutionizing the way single-serve coffee is enjoyed in the U.S.

Through the brand’s unique process, NuZee fulfills every aspect of co-packing needs, from sourcing, roasting and blending, to packing and packaging.

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