MoviePass Owner Helios & Matheson to Restate Financial Results - News Summed Up

MoviePass Owner Helios & Matheson to Restate Financial Results


MoviePass owner Helios & Matheson Analytics Inc. said Tuesday that it overstated revenue and understated losses in the September-ended quarter as a result of accounting errors, the latest setback for a company struggling to remain solvent and grow its business outside of the movie-subscription service. The information-technology-services provider in a regulatory filing Tuesday said it would refile an amended report for the third quarter “as soon as practicable” and that press and financial releases describing the statements...


Source: Wall Street Journal March 12, 2019 17:26 UTC



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