SEC Form NT 10-Q filed by Renren Inc.

SEC FILE NUMBER: 001-35147

CUSIP NUMBER: 759892300

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check one): ¨ Form 10-K ¨ Form 20-F ¨ Form 11-K x Form 10-Q ¨ Form 10-D ¨ Form N-SAR ¨ Form N-CSR

For Period Ended: SEPTEMBER 30, 2023

¨Transition Report on Form N-SAR For the Transition Period Ended:

Read Instruction (on back page) Before Preparing Form. Please Print or Type. 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I ─ REGISTRANT INFORMATION

Moatable, Inc. 

Full Name of Registrant

Former Name if Applicable

45 West Buchanan Street 

Address of Principal Executive Office (Street and Number)

Phoenix, Arizona, 85003 

City, State and Zip Code

PART II ─ RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

PART III ─ NARRATIVE

State below in reasonable detail why forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Moatable, Inc. (the “Company”) has determined that it requires more time to review the information included in the Unaudited Interim Report, and is therefore unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 (the “Q3 2023 Form 10-Q”) by the prescribed due date. The Company is working diligently to complete the Q3 2023 Form 10-Q as soon as possible, and anticipates that it will file the Unaudited Interim Report on Form 10-Q on or before the fifth calendar day following November 14, 2023, the prescribed due date.

PART IV ─ OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this notification  

Yes x No ¨

Yes x No ¨

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

The Company anticipates an increase in revenues of 11% from $12.0 million in the third quarter ended September 30, 2022 to $13.3 million in the third quarter ended September 30, 2023. Revenue for the nine months ended September 30, 2023 increased 15%, to $38.3 million, compared to $33.3 million in the same period last year. Loss from operations improved 72% from a loss of $2.9 million in the third quarter ended September 30, 2022 to a loss of $0.8 million in the third quarter ended September 30, 2023; loss from operations for the nine months ended September 30, 2023 improved 38% to $7.0 million compared to $11.4 million in the same period last year. The increase in anticipated revenues was primarily due to an increase in our SaaS business sales in the US market.

Forward-Looking Statements

This notification includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The word “expects,” “anticipates” and similar terms and phrases are used in this notification to identify forward-looking statements. Risks, uncertainties and assumptions that could affect the Company’s forward-looking statements include, among other things, any changes to our anticipated financial results as a result of our ability to confirm information or data identified in the review, our ability to complete and file future periodic filings with the SEC on a timely basis and other risks and uncertainties discussed more fully in the Company’s filings with the SEC. Unless required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Moatable, Inc. 

(Name of Registrant as Specified in Charter)