Super Micro Needs a New Auditor By This Weekend. Its Options Are Limited.
The company faces a Nov. 16 deadline to file audited financials. First, it needs to find a new auditor. It won’t be easy.
Will Super Micro Stock Be Delisted?
Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company’s financial reporting.
Why Is Super Micro Computer Stock Trading Lower On Wednesday?
Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost.
Super Micro Delays Another Filing After Auditor’s Resignation
Super Micro Computer Inc., the troubled server maker whose auditor resigned last month, delayed yet another filing as it continues to search for a new accounting firm.
Super Micro Delays Filing of September-Quarter Financial Report
AI server maker Super Micro Computer said on Wednesday it is unable to file its quarterly report on form 10-Q for the quarter ended Sept. 30, 2024 in a timely manner, amid its ongoing delay in filing an annual report.
Super Micro’s stock falls further as it faces new hurdle with filing deadlines
The server maker disclosed it will be late with its quarterly filing in addition to its past annual one. Super Micro also said it needs additional time to find a new auditor.
Super Micro Delays Quarterly Filing, Awaits New Auditor Amid Reporting Challenges
Though more research is under progress, the board-appointed special committee of the company recently finished an inquiry based on first concerns expressed by former auditor Ernst & Young. Artificial intelligence server manufacturer Super Micro said that the completion of its Q1 2025 Form 10-Q filing depends on completing the Form 10-K for the fiscal year ending June 30,
Super Micro Stock Sinks After Another Filing Delay for Earnings
Super Micro Computer, the chip maker that became a target of short seller Hindenburg Research earlier this year, said it needs additional time to file its 10-Q form for earnings in the quarter ending Sept.
Super Micro delays 10-Q filing, seeks additional time to find new auditor
Super Micro Computer (SMCI) faces delays in filing its quarterly report due to ongoing investigations and the need to select a new accounting firm.
Super Micro delays filing September-quarter report as delisting looms
The company's shares fell about 4% in premarket trading. The stock is down 55% since Ernst & Young resigned as auditor in October after earlier flagging concerns about the company's governance, transparency and internal control over financial reporting.
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro said its board of directors found there was no evidence of fraud or misconduct from management after its auditor ...
Super Micro Computer: Delisting Concerns Tell A Cautionary Tale
Super Micro Computer's Q1 results are overshadowed by auditor issues and DOJ investigations. See why SMCI stock remains risky ...
Super Micro Computer Stock Has Dropped 60% on Troubling News. Here's What You Need to Know After the Company's Latest Update.
Super Micro Computer Stock Has Dropped 60% on Troubling News. Here's What You Need to Know After the Company's Latest Update.
Super Micro shares plummet 18% after financial update heightens investor concerns
Super Micro’s stock fell to its lowest since mid-2023 on Wednesday after the company issued unaudited quarterly results that ...
Super Micro Computer’s (NASDAQ:SMCI) Fair Valuation Comes with High Risks
I currently hold a neutral stance on Super Micro Computer (SMCI), a supplier of data center servers and storage solutions.
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Super Micro Computer: Important Thesis Update After Auditor Resignation (Downgrade)
The main reason for my rating modification just before the release of first quarter 2025 earnings is that the IT solutions ...
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What Is Next for Super Micro Stock?
The former Wall Street darling is reeling after the October resignation of its auditor Ernst & Young, which no longer ...
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Not so Super Micro bucks AI sector boom trend, reports underwhelming Q3 figures
Super Micro, which provides enterprise AI infrastructure, stands out as a negative outlier in 2024's artificial intelligence ...