RCI Hospitality Shares Jump After Anticipated Filing, Numbers Raise Questions
RCI Hospitality Holdings shares were in focus Friday after the nightclub and sports-bar company filed its late quarterly report, showing higher adjusted profit but posting a small accounting loss after impairment charges. Timing is in focus. Last week, RCI got a Nasdaq notice for not filing its second-quarter Form 10-Q on time. The 10-Q is a quarterly filing with the SEC. Nasdaq said the notice doesn’t affect RCI’s listing right now and gave the company until July 20 to file or send in a plan.