ClarificationJun 23, 2026, 04:12 PM
CEA Industries Restates Q3 EPS Due to Share Calculation Error
AI Summary
CEA Industries Inc. has restated its previously issued condensed consolidated financial statements for the three months and successor period ended October 31, 2025. The restatement corrects an error in the calculation of basic and diluted weighted-average shares outstanding, which had led to an overstatement of basic and diluted EPS. The error was deemed material and is related to an existing material weakness in internal control over financial reporting.
Key Highlights
- Restated Q3 2025 and successor period financial statements.
- Corrected error in weighted-average shares outstanding calculation.
- Previously overstated basic and diluted EPS for affected periods.
- Q3 2025 Basic EPS restated from $5.39 to $5.18.
- Q3 2025 Diluted EPS restated from $5.36 to $5.15.
- Error linked to existing material weakness in internal controls.
- No impact on revenue, net income, assets, liabilities, or cash flows.
Price Impact
More from BNC