Vivos Therapeutics (NASDAQ: VVOS), a medical technology company focused on developing innovative treatments for patients suffering from dentofacial abnormalities and/or mild to moderate obstructive sleep apnea (OSA) and snoring in adults, has received a compliance notice from the Listing Qualifications Department of the Nasdaq Stock Market. The notice was regarding the fact that Vivos has not timely filed its quarterly report on Form 10-Q for the quarter ended Sept. 30, 2022. According to the announcement, the notice has no immediate effect on the listing or trading of the company’s common stock on NASDAQ and is typical in this situation. “The company was unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense due to the company’s review of certain technical matters pertaining to the company’s revenue recognition policies related to ASC Topic 606,” the company stated in the press release. “The company has resolved any open matters on this topic and accordingly restated its Form 10-Q for the period ended March 31, 2022, on November 25, 2022. The company plans to file its second and third quarter Form 10-Q reports for 2022 in the coming weeks, which filings would resolve any delinquent filing concerns by NASDAQ; however, assurance can be given that the company will be able to regain compliance with the NASDAQ timely filing listing requirement.”
To view the full press release, visit https://ibn.fm/Uqmkt
About Vivos Therapeutics Inc.
Vivos Therapeutics is a medical technology company focused on developing and commercializing innovative diagnostic and treatment methods for patients suffering from breathing and sleep issues arising from certain dentofacial abnormalities such as mild-to-moderate obstructive sleep apnea (“OSA”) as well as snoring in adults. The Vivos Method represents the first clinically effective, nonsurgical, noninvasive, nonpharmaceutical and cost-effective solution. It has proven effective in the treatment of an estimated 28,000 patients worldwide by more than 1,600 trained dentists. The Vivos Method includes the Vivos Complete Airway Repositioning and/or Expansion (“CARE”) appliance therapy and associated protocols that alter the size, shape and position of the tissues that comprise a patient’s upper airway and palate. The Vivos Method opens airway space and may significantly reduce symptoms and conditions associated with mild to moderate OSA, such as lowering Apnea Hypopnea Index scores. Vivos also markets and distributes SleepImage diagnostic technology under its VivoScore program for home sleep testing in adults and children. The Vivos Integrated Practice (“VIP”) program offers dentist training and other value-added services in connection with using the Vivos Method. For more information about this company, visit www.VivosLife.com.
NOTE TO INVESTORS: The latest news and updates relating to VVOS are available in the company’s newsroom at http://ibn.fm/VVOS
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