Brief: Datalex PLC Says HY Profit, Adj EBITDA May Have Been Misstated

Datalex

15/01/2019 07:45

Jan 15 (Reuters) - Datalex PLC  DLE.I :
    * DATALEX PLC - EXPECTS TO REPORT AN ADJUSTED EBITDA LOSS IN
THE
RANGE OF -$4M TO -$1M FOR FY
    * DATALEX PLC -  CONFIRMS A NET CASH POSITION OF $8.8M AT
YEAR END
    * DATALEX PLC -  GROUP’S REVENUE, ADJUSTED EBITDA AND PROFIT
FOR
THE HALF YEAR ENDED 30 JUNE 2018 MAY HAVE BEEN MISSTATED
    * DATALEX PLC -   MISSTATED HY METRICS DUE TO ACCELERATED
RECOGNITION OF REVENUE ASSOCIATED WITH SIGNIFICANT CUSTOMER
DEPLOYMENT
    * DATALEX PLC -   BOARD ASKED A ACCOUNTANCY FIRM TO
UNDERTAKE AN
INDEPENDENT REVIEW OF ACCOUNTING ISSUE
    * DATALEX PLC SAYS WILL RETURN TO PROFITABILITY IN 2019

Source text for Eikon:  ID:nRSO1149Na 
Further company coverage:  DLE.I 

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