Brief: Legend plans to restate audited financial information for the year ended Sept 30, 2015

Legend Power Systems

12/01/2017 12:30

Jan 12 (Reuters) - Legend Power Systems Inc  LPS.V  
    * Legend plans to restate audited financial information for 
the year ended September 30, 2015 
    * Decision to restate followed review where Co found that a 
specific sales deal in fiscal 2015 did not  meet revenue 
recognition criteria 
    * Material changes to be included in 2015 restatement will 
affect company's revenue, cost of goods sold, inventory 
    * Company's loss and comprehensive loss for that year by 
$0.35 million, from $2.54 million to $2.89 million 
 
Source text for Eikon:  ID:nCCN2LLlnY  
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