The Joint Corp. Indends To Restate Previously Issued Financial Statements For Year Ended Dec. 31, 2022 Contained In 10-Q
Portfolio Pulse from Benzinga Newsdesk
The Joint Corp. (NASDAQ:JYNT) plans to restate its previously issued financial statements for the year ending December 31, 2022. The restatement is related to the reacquisition of regional developer rights and transfer pricing adjustments for the company's variable interest entities.
September 06, 2023 | 8:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Joint Corp.'s decision to restate its financial statements could lead to uncertainty among investors, potentially impacting the company's stock price.
Restatements often lead to uncertainty among investors as they may indicate potential issues with a company's financial reporting. This could lead to a decrease in investor confidence and potentially a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100