Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, +20.00% are down 8.8% in Tuesday morning trading after the company published a notification of late filing for its annual report. Helios & Matheson didn't file its 10-K on time because it needed "additional time to work internally with its staff and externally with its outside auditors to prepare and finalize the annual report," the company said in a Tuesday filing. Helios & Matheson's 2017 losses were "significantly larger" than its 2016 losses, the company said, due to increased financing costs, the December 2017 acquisition of a majority stake in MoviePass, and the full-year results for Zone Technologies, which the company acquired in late 2016. Shares are down 14% in the past 12 months, compared with a 9.7% gain for the S&P 500 SPX, +1.05% in that time.