Lancer Corp. has said it needs more time to file its quarterly financial report. The soda fountain equipment provider, which is under investigation by the US Securities and Exchange Commission, said yesterday that it is not yet ready to provide financial information for Q1 to 31 March.

Lancer added that it expects results to differ "significantly" from the previous year.

In a regulatory filing to the SEC indicating the delay, Lancer said its financial auditors have not completed their review and the company intends to file unreviewed financial information in the "near future."