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NOTIFICATION OF LATE FILING(Check one): |
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| Form 10-Q |
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For Period Ended: September 30, 2017
Transition Report on Form 10-K
Transition Report on Form 20-F
Transition Report on Form 11-K
Transition Report on Form 10-Q
Transition Report on Form N-SAR
For the Transition Period Ended:
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATIONLoral Space & Communications Inc. Full Name of Registrant
Former Name if Applicable 600 Fifth Avenue
Address of Principal Executive Office (Street and Number)
New York, New York 10020 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)
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable
State below in reasonable detail the reasons 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.
The Registrant is unable to complete its review and preparation of its Form 10-Q in a timely manner because of unanticipated delays resulting from the identification of a deficiency in its internal disclosure controls and procedures that is being addressed. The identified deficiency does not affect the accuracy of the Company's historical financial statements and is not expected to impact the presentation of the third quarter financial statements.
PART IV - OTHER INFORMATIONName and telephone number of person to contact in regard to this notification
John Capogrossi
(212)
338-5355
(Name)
(Area Code)
(Telephone Number)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
Yes NO
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes 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.
We anticipate that income from continuing operations will be $24.5 million and $93.7 million for the three and nine months ended September 30, 2017, respectively, and will have increased by $28.3 million and $34.0 million from the same periods in the prior year. These anticipated increases are the result of an increase in equity in net income of our equity method investment, Telesat Canada, net of income tax expense, primarily due to higher foreign exchange gains during 2017.
Loral Space & Communications Inc. (Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 9, 2017 By: /s/ John Capogrossi
Name: John Capogrossi
Title: Vice President, Chief Financial Officer & Treasurer
Loral Space and Communications Inc. published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 09:08:06 UTC.
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