Brief: Hudson Global Intends To Restate Unaudited Consolidated Financial Statements

Star Equity Holdings

30/03/2023 15:16

March 30 (Reuters) - Hudson Global Inc  HSON.O :
    * HUDSON GLOBAL - FINANCIAL STATEMENTS FOR 3 & 6 MONTHS
ENDED JUNE
30, 2022 & 9 MONTHS ENDED SEPT 30, 2022, SHOULD NO LONGER BE
RELIED UPON
    * HUDSON GLOBAL:STATEMENTS OF NON-RELIANCE PERIODS SHOULD NO
LONGER BE RELIED UPON DUE TO ERROR RELATING TO ACCOUNTING
TREATMENT OF DISCRETIONARY BONUS PAYMENT PAID ON BEHALF OF
CUSTOMER
    * HUDSON GLOBAL:ERROR HAD NO IMPACT ON BALANCE SHEET,
STATEMENT OF
CASH FLOWS, NET INCOME, PRESENTATION OF EBITDA, ADJUSTED EBITDA,
OTHER ACCOUNTS FOR PERIODS
    * HUDSON GLOBAL INC - INTENDS TO RESTATE ITS UNAUDITED
CONSOLIDATED FINANCIAL STATEMENTS FOR NON-RELIANCE PERIODS AS
SOON AS PRACTICABLE
    * HUDSON GLOBAL - RESTATEMENT HAS NO EFFECT ON FINANCIAL
STATEMENTS INCLUDED IN ANNUAL REPORT ON FORM 10-K FOR YEAR ENDED
DEC 31, 2022

Further company coverage:  HSON.O 

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