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 Exc
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
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.