<a href="https://laohu8.com/S/LSAK">Lesaka Technologies</a> Inc. Announces Restatement of Financial Statements Due to Revenue Classification Error
Lesaka Technologies Inc. announced a regulatory issue involving the restatement of its financial statements for the quarters ending September 30, 2024, December 31, 2024, and March 31, 2025. Following a review by the company's Audit Committee, in consultation with management and KPMG Inc., it was concluded that the company's unaudited financial statements for these periods should not be relied upon due to a reevaluation of revenue classification. The company had incorrectly reported certain transactions as an agent rather than as a principal, affecting revenue and related costs. While the restatement will increase reported revenue, it will be offset by increased costs, with no impact on operating income, net loss, or cash flows. Lesaka Technologies is also assessing the impact on its internal controls and plans to amend its Form 10-Qs accordingly.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lesaka Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-25-015498), on September 10, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.