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MiMedx postpones release of Q4 results on internal investigation into sales/distribution practices; shares halted

Published 02/20/2018, 08:52 AM
© Reuters.  MiMedx postpones release of Q4 results on internal investigation into sales/distribution practices; shares halted
MDXG
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  • Nasdaq has suspended trading in MiMedx Group (NASDAQ:MDXG) after it announced that has postponed the release of its Q4 and 2017 results after the Board's Audit Committee engaged outside legal and accounting advisors to investigate certain matters related to the company's sales and distribution practices. Executives are also reviewing the accounting treatment of certain distributor contracts.
  • Financial results will not be released until the internal investigation has been completed.
  • Previously: MiMedx reports preliminary 2017 revenue of $324.5M (Jan. 8)
  • Now read: Masimo Corporation: A Case Study


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