Press release
Investigation announced for LONG-TERM Investors who lost money with Inspired Entertainment, Inc. (NASDAQ: INSE) over potential Wrongdoing
An investigation on behalf of investors in Inspired Entertainment, Inc. (NASDAQ: INSE) shares.
Investors who purchased shares of Inspired Entertainment, Inc. (NASDAQ: INSE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Inspired Entertainment directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Inspired Entertainment, Inc., a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. Inspired Entertainment, Inc. reported that its annual Total Revenue rose from $208.9 million in 2021 to $285.4 million in 2022, and that its Net Loss of $36.7 million in 2021 turned to a Net Income of $22.30 million in 2022.
On November 8, 2023, Inspired Entertainment, Inc. announced it would require additional time to complete financial statements for their third quarter of 2023 and restate certain previously issued financial statements. The press release stated, "[i]n connection with the preparation of the financial statements of the Company for the quarterly period ended September 30, 2023, the Company, in consultation with its current independent registered public accounting firm, KPMG LLP, identified certain accounting errors relating to the compliance with U.S. GAAP in connection with the Company's accounting policies for capitalizing software development costs. The errors relate primarily to the application of the relevant accounting standards to projects, including the timing of capitalization with respect to software development projects and the nature of costs eligible for capitalization. The Company is currently undertaking a review of other financial statement line items and related accounting policies to ensure U.S. GAAP compliance. The Company is currently unable to determine whether this review will result in further adjustments being required."
Shares of Inspired Entertainment, Inc. (NASDAQ: INSE) declined from $11.01 per share on November 06, 2023, to as low as $6.12 per share on November 09, 2023.
Those who purchased shares of Inspired Entertainment, Inc. (NASDAQ: INSE) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for LONG-TERM Investors who lost money with Inspired Entertainment, Inc. (NASDAQ: INSE) over potential Wrongdoing here
News-ID: 3493155 • Views: …
More Releases from Shareholders Foundation, Inc.
Investigation announced for Long-Term Investors who lost money with Leslie's, In …
An investigation was announced for current long-term investors in shares of Leslie's, Inc. (NASDAQ: LESL) concerning potential breaches of fiduciary duties by certain directors of Leslie's, Inc.
Investors who are current long term investors in Leslie's, Inc. (NASDAQ: LESL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: LESL…
Deadline on June 11th coming up in Lawsuit for Investors with Losses in VinFast …
A deadline is coming up on June 11, 2024 in the lawsuit filed for certain investors of VinFast Auto Ltd. (NASDAQ: VFS) over alleged securities laws violations by VinFast Auto Ltd.
Investors who purchased shares of VinFast Auto Ltd. (NASDAQ: VFS) have certain options and there are strict and short deadlines running. Deadline: June 11, 2024. NASDAQ: VFS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investors who lost money with shares of Arhaus, Inc. (NASDAQ: ARHS) should conta …
An investigation was announced for investors of Arhaus, Inc. (NASDAQ: ARHS) shares over potential securities laws violations by Arhaus, Inc.
Investors who purchased shares of Arhaus, Inc. (NASDAQ: ARHS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Arhaus, Inc. (NASDAQ: ARHS) concerning whether a series…
Lawsuit filed for Investors who lost money with shares of Fastly, Inc. (NYSE: FS …
An investor, who purchased shares of Fastly, Inc. (NYSE: FSLY), filed a lawsuit over alleged violations of Federal Securities Laws by Fastly, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fastly, Inc. (NYSE: FSLY) have certain options and for certain investors are short and strict deadlines running. Deadline: July 23, 2024. NYSE: FSLY investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)…
More Releases for Inspired
A Fit-inspired Stay in Kuramathi Maldives
Consistency is key to keeping a robust lifestyle. While on holiday, it is integral to strike a balance between relaxing and keeping physically active on your much-deserved time off. The spa at Kuramathi Island Resort, "Kuramathi Spa" makes it possible to stay in shape with various programmes designed to integrate into your holiday itinerary.
A range of group exercise classes caters to every level and ability under the guidance of professional…
New Athleisure Inspired Scrubs by Hirawats
Hirawats online, a recognized leader in uniforms and workwear in the apparel industry, has launched Premium Athleisure Stretch Half sleeve medical scrubs for male and female healthcare professionals.
The gorgeous blue-black color reflects professionalism in the medical field. The Hirawats online store is going to make it easier for the medical professionals to get their hands on these tailored and durable scrubs that strike the perfect balance between modernity and optimal…
High End Africa Inspired Marketplace about to become a unique reference for prem …
Enlarged assortment up to 500 products exclusively available at Kawree.com: the first marketplace to become a unique destination to access Africa Inspired fashion, beauty and décor.
Why Kawree ?
The term "Kawree" is the phonetic transcription for cowry (in English) or cauri (in French). Cowry shells have been used for centuries in Africa as a currency. Today, Africa benefits from a new immaterial currency: ''international attention''. The online platform aims at consolidating the African offering…
High End Africa Inspired Marketplace
Why Kawree ?
The term ‘Kawree’ is the phonetic transcription for cowry (in English) or cauri (in French). Cowry shells have been used for centuries in Africa as a currency. Today, Africa benefits from a new immaterial currency: ''international attention''. The online platform aims at consolidating the African offering in terms of beauty, fashion and design objects.
Vendors inspired by Africa have the opportunity to reach out to an international audience. The vision of the marketplace…
Inspired Dentistry - Southampton
Inspired Dentistry – Dentist in Southampton
Inspired Dentistry is a friendly dentist in Southampton. Everyone at the practice is dedicated to providing the very best in dental healthcare for all the family.
They believe that each person is a unique and special individual who deserves the very best treatment, and they are committed to giving you just that.
Their treatments include dental implants, sedation, smile makeovers and dentures. In addition to cosmetic dentistry…
SPECIAL MASSAGE SHAGGER INSPIRED BY MELANIA
Young Slovenian startup successfully funded their edgy campaign on Kickstarter. “OTO The Massage Shagger” is an innovative massager, which oxygenates tissue and makes you feel refreshed. It was designed for a modern man to relieve him of a stressful sedentary lifestyle.
Slovenians hold the record in the most accumulated funding on Kickstarter per capita. This time they came up with a stylish wooden massager that promises to awaken your…
