Investor Alert: Kaplan Fox Announces Investigation Of Brooks Automation, Inc.
Brooks Automation, Inc. (BRKS)
Last brooks automation, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
brooks.com/company/investors
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Source: PR Newswire
NEW YORK, Dec. 4, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Brooks Automation, Inc. ("Brooks Automation" or the "Company") (NASDAQ: BRKS). On December 2, 2019, Brooks Automation disclosed that the Company "is unable to file its Annual Report on Form 10-K for its fiscal year ended September 30, 2019 . . . within the prescribed time period without unreasonable effort or expense." The Company cited an ongoing review of its revenue recognition practices related to the timing of revenue recognition with respect to product shipped from one of the Company's contract manufacturers within its Semiconductor Solutions Group. Additionally, the Company stated that management, in consultation with the Audit Committee, is also reviewing the timing of revenue recognition for similar transactions. Also, on December 2, 2019, aside from the review of the timing of revenue recognition, the Company disclosed that it expects to
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