Volcon ePowersports Previously Reported Adjusted EBITDA Amounts Were Incorrectly Reported For The Impacts Of Share-Based Compensation, Depreciation And Amortization Expense And Interest Expense For The Three And Six Months Ended June 30, 2023
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Volcon ePowersports has announced that its previously reported adjusted EBITDA amounts were incorrectly reported due to the impacts of share-based compensation, depreciation and amortization expense, and interest expense for the three and six months ended June 30, 2023.
September 06, 2023 | 8:04 pm
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NEGATIVE IMPACT
Volcon ePowersports' incorrect EBITDA reporting could potentially impact investor trust and the company's stock price.
The incorrect reporting of EBITDA by Volcon ePowersports could lead to a loss of investor trust, which may negatively impact the company's stock price. The fact that the company has admitted to this error may help to mitigate some of this impact, but it is likely that there will still be some negative short-term effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100