USA Mobility Receives Extension for Q4 Results
USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging, mobile voice and data and unified communications solutions, today announced an extension for reporting operating results for the fourth quarter and year ended December 31, 2012.
The Company has delayed reporting of its operating results for the fourth quarter and year ended December 31, 2012 to address a material weakness in the design of internal control over financial reporting relating to the software revenue recognition process. The Company undertook a review of all relevant revenue transactions to ensure (1) that these transactions were recognized in the proper periods and (2) that multiple element arrangements in the delivery of software, hardware and related services were allocated to the appropriate revenue categories. The Company has determined that this material weakness did not impact the existence or validity of the underlying revenue transactions or the Company's receipt of cash for these revenue transactions. In order to finalize this review the Company delayed completion of its annual audit and filing of its Annual Report on Form 10-K for the year ended December 31, 2012 with the Securities and Exchange Commission.
The Company will announce the date for reporting its fourth quarter and 2012 results and the date and details of its investor conference call as soon as practical.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.