Performance Work Glove maker Ironclad Performance Wear Corporation is postponing its report on unaudited financial results for the second quarter ended June 30, 2017, and that it will be late in filing its Quarterly Report on Form 10-Q for the period, because of the pending restatements of prior-period financial results.
On July 6, 2017, Ironclad reported that its financial statements for the fiscal years ended December 31, 2016 and 2015 and the fiscal quarters ended March 31, 2017 and March 31, June 30 and September 30, 2016 required restatement.
“The Company is diligently pursuing completion of the restatements of its financial results, and we now estimate that we will complete the restatements and file the applicable amended annual and quarterly reports within the next 30 to 60 days,” stated Michael A. DiGregorio, Chairman of the Audit Committee. “We will file our Form 10-Q for the 2017 second quarter as soon as the restatements are completed.”
Financial Outlook
Ironclad is updating its full year 2017 revenue guidance. The company now estimates that net sales will be in the range of approximately $20 million to $22 million.
Photo courtesy Ironclad
