FALCONSTOR’S AUDIT OPINION REMOVES GOING CONCERN EXPLANATION
近期 2019 2018 2017 2016 2015 2014 2013 2012
AUSTIN, TX, April 4, 2018 — FalconStor Software, Inc. (OTCQB: FALC), a market leader in storage software, announced that as part of its Annual Report on Form 10-K for the year ended December 31, 2017, filed on April 2, 2018, the audited financial statements were approved without the need for a going concern qualification paragraph by the company’s independent registered public accounting firm.
“As previously discussed during our Q3 and Q4 2017 earnings calls and periodic SEC filings, the company has taken several steps to dramatically improve its balance sheet, including returning the company to profitability, securing additional financing, and resetting the mandatory redemption date on the company’s Series A redeemable preferred stock to July 30, 2021,” said Todd Brooks, FalconStor CEO. “The removal of the going concern opinion marks another important step in our efforts to return FalconStor to sustainable growth, and expresses confidence in our strategy and underlying execution capabilities. We look forward to this next phase in 2018 and beyond.”
This announcement does not represent any change or amendment to the Company's consolidated financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2017.
