Smurfit-backed gambling and gaming technology firm Gan has informed investors it has discovered errors in its preliminary financial results, which could force it to revise its losses upwards by over $5m (€4.6m). However, due to some “errors”, it has preliminarily indicated the net loss for the year should be up to $30.6m. Due to the identified errors, Gan said it would be unable to file its annual report with the Securities and Exchange Commission within the prescribed time without “unreasonable effort or expense”. Read MoreGan said it needed more time to complete its annual report as some unaudited financial statements “should be restated and no longer relied upon”. “The company’s preliminary analysis indicates that, after adjusting for these errors, the net loss for the year ended December 31, 2021, will be between approximately $30m and $30.6m,” read the filing.

Source: Irish Independent April 10, 2022 13:18 UTC