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ShiftPixy postpones release of earnings results

November 02, 2017

Gig economy firm ShiftPixy Inc. (NASD: PIXY) announced that it postponed the release date for its fiscal fourth quarter and 2017 earnings results. Results were scheduled to be released after close of market on Wednesday. The company said it will provide a new date for the release “as soon as practical.”

The announcement comes after the Irvine, Calif.-based company announced the resignation of CFO Stephen DeSantis in a filing with the Securities and Exchange Commission.

The company aims to provide workers via a mobile app to the restaurant, hospitality and maintenance trades, according to Securities and Exchange Commission filings. The workers would be W-2 employees rather than independent contractors.

ShiftPixy began trading June 30 after raising $12 million in an initial public offering through the sale of 2 million shares.