Brief: LMP Automotive Holdings Will Restate Previously Issued Financial Statements as of and For Each of First Three Qtrly Periods in 2021

LMP Automotive Holdings

19/05/2022 22:21

May 19 (Reuters) - Lmp Automotive Holdings Inc  LMPX.O :
    * LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES IT WILL RESTATE
PREVIOUSLY ISSUED FINANCIAL STATEMENTS AS OF AND FOR EACH OF THE
FIRST THREE QUARTERLY PERIODS IN 2021
    * LMP AUTOMOTIVE - PLANS TO RESTATE PREVIOUSLY ISSUED
FINANCIAL
STATEMENTS TO CORRECT CERTAIN ACCOUNTING ITEMS
    * LMP AUTOMOTIVE HOLDINGS - SEES AN APPROXIMATE DECREASE IN
TOTAL
REVENUE AND TOTAL COST OF SALES OF $10 TO $15 MILLION FOR NINE
MONTHS ENDED SEPT 30, 2021
    * LMP AUTOMOTIVE HOLDINGS - SEES AN APPROXIMATE DECREASE IN
TOTAL
REVENUE AND TOTAL COST OF SALES OF $4 TO $8 MILLION FOR SIX
MONTHS ENDED JUNE 30, 2021
    * LMP AUTOMOTIVE - SEES AN APPROXIMATE DECREASE IN TOTAL
REVENUE
AND TOTAL COST OF SALES OF  $500 THOUSAND TO $1 MILLION FOR
THREE MONTHS ENDED MARCH 31, 2021
    * LMP AUTOMOTIVE - GROSS PROFIT, NET INCOME FOR QTRS ENDED
MARCH
31, 2021, JUNE 30, 2021, AND SEPT 30, 2021 ARE NOT EXPECTED TO
BE MATERIALLY IMPACTED

Source text for Eikon:  ID:nGNX7P3LwG 
Further company coverage:  LMPX.O 

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