Peloton with delayed annual report

2022-08-31T14:29:00+01:00

Peloton Interactive will need up to 15 additional days to file its 10-K report for the fiscal year ended June 30, which was due Aug. 29, according to a filing with the U.S. Securities and Exchange Commission (SEC). The reason given is that the company is still calculating the impairment charges for long-lived assets it must take after it decided to phase out its last-mile warehouses to ship equipment to customers. The company is also concerned about the effectiveness of its internal controls over financial reporting related to the changes, and its auditor, Ernst & Young, has yet to complete an audit of those matters. On Aug. 26, Peloton released its Q4 quarterly report, indicating a $1.24 billion loss.

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