NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces it has commenced an investigation of Super Micro Computer, Inc. (“Super Micro Computer” or the “Company”) (NASDAQ: SMCI) concerning possible violations of federal securities laws.
On August 29, 2017, Super Micro Computer disclosed it required additional time to file its 2017 10-K. On September 14, 2017, the Company disclosed it had received a Non-Compliance letter from Nasdaq. Then on October 26, 2017, Super Micro Computer reaffirmed its delay in filing its 10-K, stating that “In connection with the in-process audit of the Company’s financial results for the year ended June 30, 2017, a sales transaction was subject to additional inquiry and review.” Said transaction was “recorded as revenue during the quarter ended December 31, 2016. However, prior to review by the Company’s independent auditors and prior to the Company’s public announcement of its results for the quarter, the recognition of revenue was reversed and the revenue was subsequently recognized in the quarter ended March 31, 2017.” To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
Source: Levi & Korsinsky, LLP