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Stock Market & Financial Investment News

News Breaks
February 6, 2014
05:27 EDTOFIXOrthofix not in compliance with NASDAQ listing rule
Orthofix International provided an update on issues relating to its listing status with the NASDAQ Stock Market. As previously announced, the company intends to restate its financial statements for the 2011 and 2012 calendar years, as well as for 1Q13. As a result, the company has not yet filed its quarterly reports on Form 10-Q for the fiscal quarters ended June 30, 2013 and September 30, 2013, and therefore, also as previously announced, the company is not in compliance with NASDAQ Listing Rule 5250(c)(1). The company, in coordination with the Audit Committee of the company’s board, is currently preparing the financial restatement and the Delinquent Reports, and substantial progress has been made in that regard. The company intends to complete the restatement and file the Delinquent Reports as promptly as practicable, and is currently proceeding with the objective of completing this by the end of 1Q14.
News For OFIX From The Last 14 Days
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March 31, 2015
06:42 EDTOFIXOrthofix enters into acquisition agreement with eNeura
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06:36 EDTOFIXOrthofix announces filing of restated financial statements
Orthofix filed with the SEC restated financial statements for fiscal years 2011, 2012 and 2013 and the fiscal quarter ended March 31, 2014, while also filing its late Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2014 and September 30, 2014. The Company continues to work to complete the procedures needed to file its 2014 Annual Report on Form 10-K with the Securities and Exchange Commission. As requested by a letter from NASDAQ, on March 25, 2015, the Company provided a written update to the Hearings Panel regarding these matters. The Company has requested that the Hearings Panel grant the Company relief from delisting through April 30, 2015 while it completes the filing of its 2014 Annual Report on Form 10-K.
06:34 EDTOFIXOrthofix reports 3Q14 adjusted EPS 17c, revenue $100.99M
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