Silicon Labs Delays Q4 2023 Earnings Conference Call To Assess Documentation Of Controls Related To Inventory; Says Not Identified Any Misstatements As Of Now In Its Previously Issued Financial Statements
Portfolio Pulse from Benzinga Newsdesk
Silicon Labs has postponed its Q4 2023 earnings call to review inventory control documentation. A material weakness was found, but no misstatements in prior financial statements have been identified. The company plans to release Q4 results on February 7, 2024, and file its Form 10-K by the end of February 2024.
January 29, 2024 | 10:12 pm
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Silicon Labs has delayed its Q4 earnings call to address a material weakness in inventory controls. No financial misstatements have been found, and the company aims to disclose Q4 results on February 7, 2024.
The delay in the earnings call and the identification of a material weakness in inventory controls are likely to negatively impact investor confidence in the short term. However, the absence of identified misstatements and the commitment to timely filing of the Form 10-K may mitigate some concerns.
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IMPORTANCE 80
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