AgEagle Aerial Systems Restates 2022-2024 Financials Due to Accounting Errors; Regains NYSE Compliance

AgEagle Aerial Systems Inc.

Non-reliance on audited financials for fiscal years 2022 and 2023, and quarterly periods from March 2023 to June 2024.
Errors include understatement of net loss per share and improper inclusion of dividends in comprehensive loss.
Management expects to report at least one material weakness in internal control over financial reporting.
NYSE American confirmed on Nov 6, 2024, that AgEagle regained compliance with board independence and audit committee requirements.
Company will file amended 10-K and restated quarterly statements to correct the identified errors.

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