After the market closed on November 8, 2023, Inspired Entertainment disclosed that the Company requires additional time to complete financial statements for Q3 2023, and that the Company will need to restate certain previously issued financial statements due to errors related to the capitalization of software development costs. As a result, Inspired Entertainment’s consolidated financial statements for 2021 and 2022 should no longer be relied upon.
Shares of Inspired Entertainment, Inc. stock dropped more than 35% in both premarket and early morning intraday trading on November 9, 2023.
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