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Cybeats Restates Financials Following Acquisition Reevaluation

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Cybeats Restates Financials Following Acquisition Reevaluation

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Cybeats Technologies Corp. ( (TSE:CYBT) ) has issued an announcement.

Cybeats Technologies Corp., a leader in software supply chain security, has restated its financial statements for 2023 and 2022 due to revisions in accounting treatments related to a past acquisition. The restated documents, prompted by regulatory compliance requirements, do not affect the company’s ongoing operations or operating results.

More about Cybeats Technologies Corp.

Cybeats is a cybersecurity company that offers Software Bill of Material (SBOM) management and software supply chain intelligence technology. The company’s platform aids organizations in managing risk, meeting compliance requirements, and securing software throughout its lifecycle, thereby enhancing operational efficiency and revenue.

YTD Price Performance: -15.38%

Average Trading Volume: 84,964

Technical Sentiment Consensus Rating: Buy

For detailed information about CYBT stock, go to TipRanks’ Stock Analysis page.

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