following accounting errors. In a filing the company said the errors are primarily related to areas including the impairment of certain long-lived assets, as well as loss accruals for certain service contracts.
"There is no expected impact to our cash position, business operations or economics of commercial arrangements," the company said, adding that the review did not find any misconduct.– Shares of the financial management software company dropped more than 7% even after a better-than-expected quarterly report. Coupa earned an adjusted 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss, according to Refinitiv.
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