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FORM 12b-25
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SEC FILE NUMBER
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001-35259
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CUSIP NUMBER
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NOTIFICATION OF LATE FILING
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02318N201
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(Check one):
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þ
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Form 10-K
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o
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Form 20-F
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o
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Form 11-K
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o
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Form 10-Q
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o
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Form 10-D
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o
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Form N-SAR
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o
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Form N-CSR
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o
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Transition Report on Form 10-K
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o
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Transition Report on Form 20-F
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o
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Transition Report on Form 11-K
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o
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Transition Report on Form 10-Q
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o
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Transition Report on Form N-SAR
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For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
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PART I — REGISTRANT INFORMATION
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Ambient Corporation
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Full Name of Registrant
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Former Name if Applicable
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7 Wells Avenue
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Address of Principal Executive Office (Street and Number)
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Newton, MA 02459
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City, State and Zip Code
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(a)
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The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART IV — OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this notification
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John J. Joyce
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(617)
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332-0004
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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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).
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Yes
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No
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o
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(3)
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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?
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Yes
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No
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o
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For the year ended December 31, 2012, the Company had revenues of $42.8million and net loss of $5.4 million. For the year ended December 31, 2013, the Company currently estimates that it had revenues of approximately $11.4 million and net loss of approximately $16 million and negative cash flows from operations of approximately $12.3 million. Results for the 2013 fiscal year remain subject to further adjustment. The continued net loss is mainly attributable to lower sales volumes to the Company’s primary customer. .
This Notification of Late Filing on Form 12b-25 contains forward-looking statements, including forward-looking statements relating to the Company's financial results for the year ended December 31, 2013. These statements are based on management's current expectations and involve a number of risks and uncertainties, including risks described in our filings with the Securities and Exchange Commission. The Company's actual results may differ materially from the Company's anticipated or expected results and the results in the forward-looking statements.
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AMBIENT CORPORATION
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(Name of Registrant as Specified in Charter)
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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March 31, 2014
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By:
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/s/ John J. Joyce
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John J. Joyce
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President, CEO
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