Reported 20 days ago
Super Micro Computer announced it has received an extension from Nasdaq until February 25 to file its overdue annual and quarterly reports, which led to a 5% increase in its stock during after-hours trading. The company had initially delayed the report due to concerns over its financial reporting controls and is now working with new auditor BDO USA to ensure compliance. Super Micro is also exploring leadership changes in its finance department amidst ongoing scrutiny of its accounting practices.
Source: YAHOO