Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses
CPA Practice
NOVEMBER 5, 2024
They did this to avoid missing Lovesac’s projected gross margin—an important financial metric that the company disclosed in its SEC filings and on conference calls that are open to investors where the company discusses financial and other issues … and to avoid restating the company’s prior financial filings for the affected periods.”
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