MoviePass owner Helios & Matheson overstated revenue and understated losses in the September-ended quarter
MoviePass owner Helios & Matheson Analytics Inc. said Tuesday that it overstated revenue and understated losses in the September-ended quarter as a result of accounting errors, the latest setback for a company struggling to remain solvent and grow its business outside of the movie-subscription service.
The information-technology-services provider in a regulatory filing Tuesday said it would refile an amended report for the third quarter “as soon as practicable” and that press and financial releases describing the statements...
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