🔥 The Friday Furnace 🔥 04-18-2025
Where the week's worst news goes up in smoke
📊 Detailed Summaries 📊
Audit Issues 🔍
TechTarget, Inc. (TTGT) — TechTarget, Inc. announced that its Audit Committee and independent auditors determined the previously issued financial statements for the Informa Tech Digital Businesses covering 2022, 2023, and interim periods in 2024 contain material accounting errors related to goodwill impairment, contingent consideration, and intangible amortization, and are no longer relied upon. The Company will restate these financials in its 2024 Form 10-K and future 10-Q filings, and all prior reports, earnings releases, and presentations referencing these statements should also be disregarded. This non-reliance extends to the audit report from PricewaterhouseCoopers LLP (UK), and the Company is actively working to complete its review and corrections promptly.
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