---
schema_version: "secwatch.filing_event.v1"
accession: "0001101680-23-000098"
form_type: "8-K"
ticker: null
cik: "0001101680"
company_name: "DZS INC."
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:48:11.825038+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DZS receives Nasdaq delinquency notice for late 10-Q; restating Q1 2023 financials

## Summary
- Nasdaq notice on Aug 15, 2023 for missing extended Q2 10-Q filing deadline (Listing Rule 5250(c)(1)).
- Audit Committee reviewing revenue recognition; restating unaudited Q1 2023 financials.
- Company must submit compliance plan by Oct 16, 2023; Nasdaq may extend until Feb 5, 2024.
- No immediate delisting, but failure to regain compliance could lead to suspension.
- Restatement scope preliminary; additional periods may be affected.

## SEC filing metadata
- accession: 0001101680-23-000098
- form_type: 8-K
- cik: 0001101680
- company_name: DZS INC.
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000098/0001101680-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000098/dzsi-20230815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101680-23-000098
- JSON: https://secwatch.observer/filing/0001101680-23-000098.json
- Plain text: https://secwatch.observer/filing/0001101680-23-000098.txt

## Key facts
- Listing & Compliance Notices
  DZS INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: August 15, 2023, DZS Inc. (the “Company”) received a delinquency notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Form 10-Q”), the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. The Company filed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000098/0001101680-23-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.