Assure Holdings Says Unaudited Financial Statements For Quarterly Periods Ended March 31 2023, June 30 2023 & Sept 30 2023 Should Not Be Relied Upon; Error Does Not Change Cash Position Of Co At End Of Non-Reliance Periods
Portfolio Pulse from Benzinga Newsdesk
Assure Holdings announced that its unaudited financial statements for the quarterly periods ending March 31, June 30, and September 30, 2023, should not be relied upon due to errors, as per an SEC filing. However, these errors do not affect the company's cash position at the end of the non-reliance periods.
April 26, 2024 | 8:49 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Assure Holdings, trading under the symbol IONM, has announced errors in its unaudited financial statements for the first three quarters of 2023, as per an SEC filing. The company assures that these errors do not impact its cash position.
The announcement of errors in financial statements typically undermines investor confidence and can lead to a negative perception of the company's financial health and management's reliability, potentially causing a short-term decline in stock price. However, the clarification that the cash position remains unaffected might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100