Sprout AI Inc. announced that it has changed its year-end to February 28th from its current fiscal year-end of November 30th. As a result, the Company will report audited financial statements for a 15-month transitional fiscal year from Nov. 30th, 2021 to February 28th, 2022 with a comparative of the 12 months' audited financial results from December 1st, 2019 to Nov.

30th, 2020. Afterwards, the Company will revert to a customary quarterly reporting calendar based on February 28th year-end with fiscal quarters ending on the last day of May, August, November, and February of each year. This decision was made in part to minimize costs and the risk of having late filings due to auditor time constraints.

Due to the impacts of the COVID-19 Pandemic, audit firms have been strapped for resources, thus the company has chosen in favor of moving the year-end two months past the busiest time of year for auditors.