other material
confidence high
sentiment negative
materiality 0.60
Cantaloupe delays FY2022 10-K; expects three material weaknesses in internal controls
CANTALOUPE, INC.
- Form 10-K for FY ended June 30, 2022 will not file within 15-day extension; expects filing in 2-3 weeks.
- Company anticipates reporting three material weaknesses: IT general controls, revenue controls, and risk assessment.
- No material changes to previously announced FY2022 and Q4 results reported on September 8, 2022.
- Remediation of material weaknesses is underway; more details to be provided in the 10-K filing.