Smith-Midland Reports Delayed Filing Of Form 10-Q; Says Extension Not Related To Any Of Its Internal Financial Reporting Processes Or Controls
Portfolio Pulse from Benzinga Newsdesk
Smith-Midland Corporation (SMID) has announced a delay in the filing of its Form 10-Q. The company clarified that the delay is not related to any internal financial reporting processes or controls, but is due to the transition to a new independent registered public accounting firm.
August 14, 2023 | 9:24 pm
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Smith-Midland's delay in filing Form 10-Q is due to a transition to a new accounting firm, not internal financial issues.
The delay in filing Form 10-Q by Smith-Midland is not due to any internal financial issues, which could have been a red flag for investors. Instead, it's due to a transition to a new accounting firm. This might cause some temporary uncertainty, but it's not necessarily a negative signal. Therefore, the short-term impact on the stock price is neutral.
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