Skip to main content
Premium Trial:

Request an Annual Quote

Ongoing SEC Issues Force Accelrys to Delay Q3 Earnings; Firm Expects Non-Compliance Letter from Nasdaq

NEW YORK, Feb. 10 (GenomeWeb News) - Accelrys will not file its fiscal third-quarter earnings report on time due to the company's ongoing discussions with the US Securities and Exchange Commission regarding accounting practices for certain contracts recorded after January 2004, the firm said yesterday.

 

As a result, Accelrys said it expects to receive a letter from the Nasdaq exchange sayting that the company is not in compliance with filing requirements.

 

In December 2005 Accelrys disclosed that an audit committee recommended that it restate its financial statements for each quarter from Jan. 1, 2000to Sept. 30, 2005. The recommendation stemmed from a review of the company's 2005 10-K statement.

 

Accelrys changed its accounting model in January 2004 to recognize revenue over the length of a subscription rather thanin the quarter in which the software was shipped.

 

The company said it expects to request an extension from Nasdaq after it receives the notification so it can remain listed while it deals with its SEC filings.

 

Accelrys said it can not identify the date when its restatement and required SEC reports will be completed. The company said that it will not resume issuing quarterly earnings announcements until the restatement process is completed.

The Scan

Study Tracks Responses in Patients Pursuing Polygenic Risk Score Profiling

Using interviews, researchers in the European Journal of Human Genetics qualitatively assess individuals' motivations for, and experiences with, direct-to-consumer polygenic risk score testing.

EHR Quality Improvement Study Detects Demographic-Related Deficiencies in Cancer Family History Data

In a retrospective analysis in JAMA Network Open, researchers find that sex, ethnicity, language, and other features coincide with the quality of cancer family history information in a patient's record.

Inflammatory Bowel Disease Linked to Gut Microbiome Community Structure Gradient in Meta-Analysis

Bringing together data from prior studies, researchers in Genome Biology track down microbial taxa and a population structure gradient with ties to ulcerative colitis or Crohn's disease.

Ancient Greek Army Ancestry Highlights Mercenary Role in Historical Migrations

By profiling genomic patterns in 5th century samples from in and around Himera, researchers saw diverse ancestry in Greek army representatives in the region, as they report in PNAS.