Akers Biosciences Files Restated Previously Issued Financial Statements for 2017
AKERS BIOSCIENCES INC COMMON S (AKER)
US:NASDAQ Investor Relations:
akersbio.com/investor-center
Company Research
Source: GlobeNewswire
THOROFARE, N.J, July 13, 2018 (GLOBE NEWSWIRE) -- Akers Biosciences, Inc. (NASDAQ: AKER) (AIM: AKR.L), (“Akers”, “Akers Bio” or the "Company"), a developer of rapid health information technologies, has today filed restatements of previously issued financial statements for the quarterly periods ended June 30, September 30, 2017 and for the fiscal year ended December 31, 2017. As previously disclosed, the Company determined that certain revenue transactions did not qualify for revenue recognition under generally accepted accounting principles. In the process of this determination, the Company discovered information which affected the revenue, certain obligations and the value of certain inventory items. The restated 10-K and 10-Q Forms containing the full financial statements are available for viewing on the Company's website at www.akersbio.com or www.sec.gov. About Akers Biosciences, Inc. Akers Bio develops, manufactures, and supplies rapid screening and testing products design
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