|Over a month ago|
Fly Intel: After-Hours Movers » 19:4104/0104/01/21
CEMI, DMYD, HEAR, CTO, FTFT, FC, MRAM, CIO, UFAB, SNOA
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Unique Fabricating trading resumes 16:3004/0104/01/21
Unique Fabricating files 10-K extension, to restate 2020 quarterly statements » 16:1704/0104/01/21
Unique Fabricating announced that it will restate its previously issued quarterly financial statements for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020. As a result of this decision, investors should no longer rely upon the company's previously released financial statements for the relevant periods and any earnings releases or other communications relating to the relevant periods. "Errors were discovered during the course of management's preparation of the financial statements for the year ended December 31, 2020. Management believes the scope of the errors is limited to the relevant periods identified above. The errors, which were not detected as a result of the material weakness in certain controls that management identified in the company's Annual Report on Form 10-K/A for the fiscal year ended December 29, 2019 related to limited finance staffing levels that were not commensurate with the company's complexity and its financial accounting and reporting requirements, combined with changes as a result of the COVID-19 pandemic, such as accounting and finance personnel working remotely, which contributed to the errors and the failure to identify and correct the errors in a timely manner. The company will file a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2020. The company expects to file its Form 10-K within the extension period and to schedule a conference call to discuss 2020 results in conjunction with the filing," the company said.
Unique Fabricating trading halted, news pending 15:4004/0104/01/21
|Over a quarter ago|
Unique Fabricating expands healthcare, PPE presence, secures N95 mask contract » 08:4307/0707/07/20
Unique Fabricating announced it has, in partnership with a major OEM, created a design and received government regulatory certification for mass production of N95 masks. The company said in a release, "Given the COVID-19 pandemic and the resulting demand for N95-rated respirators, Unique Fabricating partnered with a major OEM to develop a design for an N95 rated face mask. By employing material and process technologies already known to Unique Fabricating, the Company's engineers successfully developed a heat-sealed and sonic welded respirator. With the sponsorship of our customer, the new design has already been certified by the National Institute for Occupational Safety and Health (NIOSH), a division of the Centers for Disease Control and Protection. The face mask construction consists of materials converted by Unique Fabricating, utilizing in-house processes that have sufficient capacity to support the customer's initial demand of one million face masks. Unique Fabricating is completing development work on a second face mask design for N95 certification which will utilize more readily available raw materials and will increase daily output."