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Swisher Hygiene delays filing quarterly report

Charlotte-based Swisher Hygiene said Monday that it is behind filing required a required quarterly financial report, and in danger of being delisted by the Nasdaq and the Toronto Stock Exchange.

The company said it hopes to file its quarterly report later this week. Swisher has been battling a series of financial reporting problems for more than a year, and delayed filing most of its quarterly reports and its 2012 annual report last year.

Swisher is also facing a lawsuit by shareholders playing out in federal court in Charlotte. Shareholders have said the company intentionally misstated its financial results to hide losses and inflate the company’s stock price, which the company has denied. Swisher has also disclosed that the Securities and Exchange Commission and the U.S. Attorney’s Office have contacted the company about the potential problems.

Both the Nasdaq and the Toronto Stock Exchange are reviewing Swisher’s stock listing because the company isn’t in compliance with the exchanges’ requirements, according to the company.

Swisher’s stock closed up 1 cent on Monday, at $1.30 a share.

Portillo: 704-358-5041 On Twitter @ESPortillo
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