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Aug 28, 2024 #News’

Breaking News: Super Micro Computer Inc. Delays Quarterly Earnings Due to Audit Issues

Washington D.C., USA – December 14, 2022 – Technology giant Super Micro Computer Inc. has announced that it will delay the release of its quarterly earnings, citing issues with its audit process, according to a statement released yesterday.

The company, which is best known for its server and storage technology, said that it has encountered unanticipated difficulties in completing its audit in a timely manner. As a result, the company will not be able to meet the December 15 deadline for filing its quarterly earnings report with the Securities and Exchange Commission (SEC).

"We are working closely with our audit committee and external auditors to resolve these issues as quickly as possible, but unfortunately, we will not be able to meet the previously announced deadline for releasing our quarterly earnings," said Kimball Brown, Chief Financial Officer at Super Micro Computer Inc.

The audit issues are related to the company’s financial statements for the quarter ended September 29, 2022. The company has initiated an investigation into the matter and is currently working to determine the extent of the irregularities.

"We take our audit process very seriously and we are committed to ensuring the accuracy and completeness of our financial statements," said Brown.

The delay in the release of the company’s quarterly earnings is expected to have no impact on the company’s ongoing business operations.

Key Takeaways:

Super Micro Computer Inc. will delay the release of its quarterly earnings report due to audit issues.
The delay is related to the company’s financial statements for the quarter ended September 29, 2022.
The company is initiating an investigation into the matter and is working to determine the extent of the irregularities.
The company remains committed to ensuring the accuracy and completeness of its financial statements.

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