Assure Holdings shares are trading lower after the company said the unaudited financial statements for the quarterly periods ended March 31, 2023, June 30, 2023 and Sept 30, 2023 should no longer be relied on.
Portfolio Pulse from Benzinga Newsdesk
Assure Holdings announced that its unaudited financial statements for the quarterly periods ended March 31, June 30, and September 30, 2023, should not be relied upon, causing its shares to trade lower.
April 29, 2024 | 1:14 pm
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Assure Holdings, trading under the symbol IONM, announced its unaudited financial statements for the first three quarters of 2023 are unreliable, leading to a decrease in its stock price.
The announcement by Assure Holdings regarding the unreliability of its financial statements for the first three quarters of 2023 directly impacts investor confidence and the perceived value of the company, likely leading to a decrease in stock price in the short term. This news is critical for investors as it raises concerns about the accuracy of the company's financial reporting and potential underlying issues that could affect its future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100