Reported 2 days ago
Super Micro Computer has appointed a new auditor, BDO USA, after Ernst & Young resigned, which puts the company at risk of being delisted from Nasdaq due to late financial filings. The tech firm has submitted a compliance plan to meet listing rules and aims to bring its financial statements up to date. Previous financial reports indicated a growth in gross profit margins, but the company faces inventory challenges in a highly competitive market.
Source: YAHOO