Luna Innovations To Delay Release Of Q4 Results; Says Previously Issued Unaudited Financial Statements For Quarters Ended June 30, 2023, & Sept 30, 2023 Should No Longer Be Relied Upon
Portfolio Pulse from Benzinga Newsdesk
Luna Innovations announced a delay in the release of its Q4 results and stated that its previously issued unaudited financial statements for the quarters ended June 30, 2023, and September 30, 2023, should no longer be relied upon.
March 12, 2024 | 8:39 pm
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Luna Innovations' announcement about the delay in Q4 results and unreliability of previous financial statements could negatively impact investor confidence and stock price.
The announcement by Luna Innovations regarding the delay in releasing Q4 results and the unreliability of previously issued financial statements for Q2 and Q3 of 2023 is likely to erode investor trust and could lead to a negative perception of the company's financial health and governance. This situation typically results in a negative short-term impact on the stock price as investors reassess the risk associated with the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100