Report Publication Announcement • May 2, 2022
Report Publication Announcement
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NOTIFICATION OF LATE FILING (Check one): Form 10-K Form 20-F Form 11-K Form 10-Q Form N-SAR Form N-CSR For Period Ended: December 31, 2021 Transition Report on Form 10-K Transition Report on Form 20-F Transition Report on Form 11-K Transition Report on Form 10-Q Transition Report on Form N-SAR For the Transition Period Ended:_________________________________________ Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
MAGIC SOFTWARE ENTERPRISES LTD. Full Name of Registrant Former Name if Applicable 1 Yahadut Canada Street (Street and Number) Or Yehuda 6037501, Israel City, State and Zip Code
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Due to its internal compilation and review procedures, the registrant has not finalized its financial statements and related disclosures for inclusion in its annual report on Form 20-F for the fiscal year ended December 31, 2021, nor have the registrant's certifying auditors had the opportunity to complete their audit of the financial statements to be included in the registrant's Annual Report on Form 20-F. Accordingly, the registrant cannot complete and file its Annual Report on Form 20-F by the due date of May 2, 2022 and needs additional time to complete and file its Annual Report on Form 20-F.The registrant expects that its Annual Report on Form 20-F will be filed within the prescribed extension period allotted under Rule 12b-25(b), by May 17, 2022.
(1) Name and telephone number of person to contact in regard to this notification
| Asaf Berenstin | +972 (3) |
538 9243 |
|---|---|---|
| (Name) | (Area Code) | (Telephone Number) |
| (2)Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or |
Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes No (3)Is it anticipated that any significant change in results of operations from the corresponding period for the last
fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
• Revenues for the year increased 29% to \$480.3 million compared to \$371.2 million last year. Net income attributable to Magic's shareholders for the year increased 16% to \$29.3 million, or \$0.52 per fully diluted share, compared to \$25.2 million, or \$0.49 per fully diluted share in the same period last year.
(Name of registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 2, 2022 By: /s/ Asaf Berenstin
Name: Asaf Berenstin Title: Chief Financial Officer
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