The Company anticipates that significant changes in results of operations from the corresponding period for
the last fiscal year will be reflected by the statements of operations to be included in the Form 10-K. The Companys preliminary unaudited results for the fiscal year ended December 31, 2020 are as
follows:
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Year Ended
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December 31,
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(Dollars in thousands, except per share data)
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2020
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2019
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Total revenues
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$
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77,862
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$
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276,768
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Net income (loss) attributable to Reading International, Inc. common shareholders
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$
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(65,200
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)
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$
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(26,429
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)
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Basic earnings (loss) per share attributable to Reading International, Inc. shareholders
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$
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(3.00
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)
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$
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(1.17
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)
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Diluted earnings (loss) per share attributable to Reading International, Inc.
shareholders
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$
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(3.00
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)
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$
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(1.17
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)
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The financial results presented above reflect preliminary estimates of the Companys results of operations as of the date
of this filing. The Companys independent registered public accounting firm has not audited or reviewed, and does not express an opinion with respect to, this preliminary data. These estimates may be subject to change upon the completion of the
reporting process and audit of the Companys financial statements, and actual results may vary from these estimates.
The above changes in results of
operation are attributable principally to the impacts of the COVID-19 pandemic that are disclosed in the Companys Quarterly Report on Form 10-Q for the three and
nine-month periods ended September 30, 2020.
Cautionary Note on Forward-Looking Statements
This Form 12b-25 contains forward-looking statements within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: expect, anticipate, estimate, preliminary and similar references to
future periods. Examples of forward-looking statements include, among others, statements regarding the Companys expectations relating to the filing of its Form 10-K and the results of the ongoing review.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent the Companys current beliefs, expectations and assumptions regarding anticipated events and trends affecting its business and
industry based on information available as of the time such statements are made. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some
of which may be outside of the Companys control. The Companys actual results and financial condition may differ materially from those indicated in these forward-looking statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Companys financial reporting, including the
possibility that the Company will not be able to file its Form 10-K within the fifteen-day extension permitted by the rules of the U.S. Securities and Exchange
Commission, and the possibility that the ongoing review may identify errors or control deficiencies in the Companys accounting practices. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this
filing, except as required by applicable law or regulation.
Reading International, Inc.
(Name of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date
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March 16, 2021
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By
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/s/ Gilbert Avanes
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Name: Gilbert Avanes
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Title: EVP, Chief Financial Officer and Treasurer
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INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative.
The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the
representatives authority to sign on behalf of the registrant shall be filed with the form.
ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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