Here's Why MiMedx Group Shares Are Imploding 30% Today [The Motley Fool]
MiMedx Group, Inc (MDXG)
Last mimedx group, inc earnings: 4/28 07:00 am
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US:NASDAQ Investor Relations:
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Source: The Motley Fool
The company's shares are being delisted from the Nasdaq exchange tomorrow. What happened An internal audit of MiMedx Group 's ( NASDAQ:MDXG ) accounting is requiring the restatement of five years' worth of financials, and it's taking longer than hoped for. As a result, the Nasdaq has informed the company that its shares will be suspended by the exchange before the open on November 8. The delisting to the less-regulated over-the-counter market is causing shares to crash 30% at 12:45 p.m. EST on Wednesday. So what Last year, short-sellers questioned how the company accounts for sales of its injectable amniotic-tissue products, which resulted in an internal probe that found enough sketchy activity to warrant the departure of MiMedx's CEO, CFO, and COO. It also forced the company to delay its filings with the Securities and Exchange Commission as it restates figures back to 2012. IMAGE SOURCE: GETTY IMAGES. The revelations have resulted in pushback
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MDXG
News
- MIMEDX to Host First Quarter 2024 Operating and Financial Results Conference Call on April 30GlobeNewswire
- Global Advanced Wound Dressing Market is on track to reach a valuation of US$ 8,374.50 Million by 2034 at a CAGR of 2.80% | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Spectral AI, Inc. (NASDAQ:MDAI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MiMedx slips as FDA reaffirms position on Axiofill [Seeking Alpha]Seeking Alpha
- MIMEDX Provides Update on AXIOFILL® Request for Designation (“RFD”) from FDA [Yahoo! Finance]Yahoo! Finance
MDXG
Earnings
- 2/28/24 - Beat
MDXG
Sec Filings
- 4/10/24 - Form 4
- 3/27/24 - Form 8-K
- 3/18/24 - Form 3
- MDXG's page on the SEC website