other material
confidence high
sentiment negative
materiality 0.80
NewAmsterdam Pharma to restate 2022 and 2021 financials due to EPS calculation errors
NewAmsterdam Pharma Co N.V.
- Audit committee concluded 2021 and 2022 financial statements should not be relied upon due to net loss per share errors.
- Errors: weighted average ordinary shares outstanding incorrectly used ending shares instead of weighted average.
- Restatement affects only IFRS-based financials in 2022 Annual Report; 2023 US GAAP financials not impacted.
- Company intends to file amendment to 2022 Annual Report as soon as practicable.