SPY411.49+2.97 0.73%
DIA337.86+2.73 0.81%
IXIC13,900.19+70.88 0.51%

BRIEF-Digital Media Solutions says In Connection With Finalization Of 2020 Audit, Co Identified Certain Changes To Financial Statements Filed In Original Report

· 03/17/2021 09:59
BRIEF-Digital Media Solutions says In Connection With Finalization Of 2020 Audit, Co Identified Certain Changes To Financial Statements Filed In Original Report

- Digital Media Solutions Inc DMS.N:

  • DIGITAL MEDIA SOLUTIONS- IN CONNECTION WITH FINALIZATION OF 2020 AUDIT, CO IDENTIFIED CERTAIN CHANGES TO FINANCIAL STATEMENTS FILED IN ORIGINAL REPORT

  • DIGITAL MEDIA SOLUTIONS INC - REVISIONS AFFECTED CO'S REVENUE, NET INCOME AND EARNINGS PER SHARE FOR QUARTER AND YEAR ENDED DECEMBER 31, 2020

  • DIGITAL MEDIA SOLUTIONS INC - CHANGES ALSO AFFECTED COMPANY'S ADJUSTED REVENUE, ADJUSTED EBITDA AND ADJUSTED EPS

  • DIGITAL MEDIA SOLUTIONS INC - ADJUSTMENTS HAVE NO EFFECT ON CO'S PREVIOUSLY ISSUED GUIDANCE FOR 2021

  • DIGITAL MEDIA SOLUTIONS- REVISIONS CONTRIBUTED TO CO'S DETERMINATION THAT THERE WERE MATERIAL WEAKNESSES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

  • DIGITAL MEDIA SOLUTIONS INC - HAS BEGUN, AND INTENDS TO CONTINUE TO REMEDIATE THESE MATERIAL WEAKNESSES

  • DIGITAL MEDIA SOLUTIONS - INTENDS TO CONTINUE TO REMEDIATE MATERIAL WEAKNESSES BY MOVING TO NEW ACCOUNTING SYSTEM FOR PERIOD COMMENCING ON JAN 1, 2021

  • DIGITAL MEDIA SOLUTIONS INC - INTENDS TO CONTINUE TO REMEDIATE MATERIAL WEAKNESSES BY HIRING ADDITIONAL CORPORATE FINANCE AND REPORTING PERSONNEL

  • DIGITAL MEDIA SOLUTIONS - INTENDS TO CONTINUE TO REMEDIATE MATERIAL WEAKNESSES BY CONTINUING TO IMPROVE AND MAINTAIN FORMAL POLICIES, PROCESS

Source text - https://bit.ly/3cLE7A5

Further company coverage: DMS.N


((Reuters.Briefs@thomsonreuters.com;))