Veradigm Faces Delays in Annual Report Filing

Veradigm ( (MDRX) ) has released a notification of late filing.

Veradigm Inc. has filed a Form 12b-25, notifying a delay in filing its Annual Report on Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to internal control failures linked to ineffective manual accounting processes and a software tool implementation, leading to a comprehensive review and investigation by the company’s board and audit committee. The company anticipates filing the delayed reports soon but has not provided a specific timeline. Financially, Veradigm expects adjustments in its revenue, with a potential reduction of less than $15 million for certain periods, and has noted the impact of a cybersecurity incident on its 2024 revenue. The company is committed to ongoing compliance efforts, as indicated by the signature of Interim CFO Leland Westerfield.

More about Veradigm

YTD Price Performance: -43.96%

Average Trading Volume: 494,254

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $864.7M

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