Symbotic (sym) restates financial results amid securities class action over improper accounting - hagens berman

San francisco, ca / accesswire / december 18, 2024 / on december 4, 2024, automation technology company symbotic inc. (nasdaq:sym) filed restated financial statements for the quarters ended december 30, 2023, march 30, 2024, and june 30, 2024 (the "restatements"). each of the restatements contained adjustments to its previously filed financial reports for those periods that demonstrate symbotic had significantly: (1) overstated its systems revenue; (2) overstated its gross profit; (3) understated its operating loss; and (4) understated its net loss making significant adjustments to its previously filed interim financial reports.
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