Symbotic (SYM) Restates Financial Results Amid Securities Class Action Over Improper Accounting – Hagens Berman

SAN FRANCISCO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- On December 4, 2024, automation technology company Symbotic Inc. (NASDAQ: SYM) filed restated financial statements for the quarters ended December 30, 2023, March 30, 2024, and June 30, 2024 (the “restatements”). Each of the restatements contained adjustments to its previously filed financial reports for those periods that demonstrate Symbotic had significantly: (1) overstated its systems revenue; (2) overstated its gross profit; (3) understated its operating ...