has identified misstatements in its results for fiscal year 2022, the U.S. solar power storage and energy service provider said in a regulatory filing on Tuesday.
The misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions as cost of revenue, among other things. Raymond James Pavel Molchanov said accounting re-statements routinely encompass more than one year, so shareholders are more keen on clarity around the company’s revenue and core profit expectations for 2024.
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