Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Xponential Fitness, Inc. (XPOF) And Encourages Stockholders to Reach Out
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Bronstein, Gewirtz & Grossman, LLC has initiated an investigation into Xponential Fitness, Inc. following the company's announcement of financial statement restatement. The restatement involves accounting errors related to inventory, 401(k) compliance, purchase accounting, and vendor rebates, which increased the company's net loss from $1.7 million to $6.4 million and decreased Adjusted EBITDA from $105.3 million to $100.3 million.
March 26, 2025 | 2:15 pm
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NEGATIVE IMPACT
The company's financial restatement and ongoing investigation could negatively impact investor confidence and stock performance.
The financial restatement reveals significant accounting errors, which could erode investor trust, potentially leading to stock price decline. The ongoing legal investigation adds further uncertainty to the company's financial credibility.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100