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[$$] MoviePass Owner Helios & Matheson to Restate Financial Results

MoviePass owner Helios & Matheson Analytics Inc. said Tuesday that it overstated revenue and understated losses in the September-ended quarter as a result of accounting errors, the latest setback for a company struggling to remain solvent and grow its business outside of the movie-subscription service. Helios said it should have posted a third-quarter net loss of $138.5 million, or 22 cents a share, instead of the $129.6 million, or 20 cents a share, it initially reported. Total revenue was $74.7 million, instead of the initially reported $81.3 million.