Orthofix to restate past financials on revenue snafu | Wall Street Beat

August 7, 2013 by Brad Perriello

Orthofix delays filing its 2nd-quarter financials and says it will restate its books for the past 2 years due to improperly recognized revenues.

MassDevice.com Wall Street Beat

Orthofix (NSDQ:OFIX) said an audit of its books is prompting it to restate its financial results for 2011, 2012 and Q1 2013 after discovering revenues that were improperly recognized.

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