1 year ago
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Questions raised over viability after CEO and CFO say revenue for 2022 could plunge from reported $24m to $9m
British software company WANdisco, which in recent days joined the ranks of firms considering a US stock market listing, has discovered “potentially fraudulent irregularities” in its sales and revenue, and has asked for its shares to be suspended from trading.
In an unexpected trading update to the stock market on Thursday, WANdisco said bosses had uncovered “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee”.
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