Brief: Power Solutions says previously issued consolidated financials for FY ended Dec. 31, 2014, Q1 ended March 31, 2015 should be restated

Power Solutions International

07/04/2017 11:16

April 7 (Reuters) - Power Solutions International Inc 
 PSIX.O : 
    * Power Solutions - determined co's previously issued 
consolidated financials for FY ended Dec. 31, 2014 & Q1 ended 
March 31, 2015 should be restated 
    * Power solutions international - the financials should be 
restated to reflect the impact of certain errors involving 
revenue recognition 
    * Power solutions international - expects restated financial 
statements for 2014, 2015, 2016 fiscal years to result in a 
shift of recognized revenues 
    * Power solutions international - shift of recognized 
revenues is from prior to subsequent periods in amount of about 
$48 million to $74 million for 3 year period 
 
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