Brief: Latch- Based On Findings Of Investigation, Audit Committee, Determined Financial Statements For 2019 & 2020 Should No Longer Be Relied Upon
23/01/2023 21:26
Jan 23 (Reuters) - Latch Inc LTCH.O :
* LATCH- ON JAN 17, BASED ON FINDINGS OF INVESTIGATION,
AUDIT
COMMITTEE, DETERMINED FINANCIAL STATEMENTS FOR 2019 & 2020
SHOULD NO LONGER BE RELIED UPON
* LATCH INC - AUDIT COMMITTEE HAS DETERMINED THAT CO'S
CONSOLIDATED FINANCIAL STATEMENTS FOR THE AFFECTED PERIODS WILL
BE RESTATED
* LATCH -INVESTIGATION RELATED TO ASPECTS OF CO'S CURRENT,
HISTORICAL KEY PERFORMANCE INDICATORS & REVENUE RECOGNITION
PRACTICES NOW SUBSTANTIALLY COMPLETE
Further company coverage: LTCH.O
((Reuters.Briefs@thomsonreuters.com;))
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