ADTRAN Holdings Inc. announced a regulatory issue involving its majority-owned subsidiary, Adtran Networks SE, which led to a revision of its financial statements. During the finalization of Networks' 2024 financial statements, an inventory adjustment was discovered, increasing the cost of goods sold and resulting in a €5.7 million increase in their 2024 loss. This finding prompted ADTRAN Holdings to reassess and adjust its consolidated financial statements for both 2023 and 2024. As a result, financial reports for several periods within these years are no longer reliable and will be restated. The company is also addressing an identified material weakness in its internal controls and plans to file amended reports with the SEC while rescheduling its Annual Meeting to reflect these changes.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。