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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Jan 11, 2013 4:56 PM Flag

    Restatement process concluded!!!!

    Click on headlines to see the PR.

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    • The restated periods from fiscal 2007 through the first two quarters of fiscal 2012 include cumulative downward adjustments to revenue of $32.9 million, or 0.6% of restated aggregate revenue of $5.4 billion. These restated periods include cumulative downward adjustments to net income of $18.0 million on a restated aggregate net loss of $231.1 million, inclusive of $231.6 million of impairments related to goodwill and intangible assets. Details related to the restatement are contained in the Company’s Form 10-K for the fiscal year ended July 31, 2012, filed with the SEC earlier today.

 
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