Accounting standards

TimkenSteel Announces Third-Quarter 2019 Results

Retrieved on: 
Wednesday, November 6, 2019

Follow us on Twitter @TimkenSteel and on Instagram.

Key Points: 
  • Follow us on Twitter @TimkenSteel and on Instagram.
  • TimkenSteel reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP") and corresponding metrics as non-GAAP financial measures.
  • Non-GAAP financial measures should be viewed as additions to, and not as alternatives for, TimkenSteel's results prepared in accordance with GAAP.
  • In addition, the non-GAAP measures TimkenSteel uses may differ from non-GAAP measures used by other companies, and other companies may not define the non-GAAP measures TimkenSteel uses in the same way.

Lannett Announces Fiscal 2020 First-Quarter Financial Results

Retrieved on: 
Wednesday, November 6, 2019

ET to review its results of operations for its fiscal 2020 first quarter ended September 30, 2019.

Key Points: 
  • ET to review its results of operations for its fiscal 2020 first quarter ended September 30, 2019.
  • The Company's management believes that the presentation of Non-GAAP financial measures provides useful supplementary information regarding operational performance, because it enhances an investor's overall understanding of the financial results for the Company's core business.
  • Additionally, it provides a basis for the comparison of the financial results for the Company's core business between current, past and future periods.
  • Detailed reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included with this release.

PowerFleet Reports Third Quarter 2019 Financial Results

Retrieved on: 
Wednesday, November 6, 2019

These results include only financial results from I.D.

Key Points: 
  • These results include only financial results from I.D.
  • PowerFleets financial results for the fourth quarter ending December 31, 2019 will include consolidated results for both I.D.
  • The third quarter was a continuation of the same strong operating performance we realized in the prior quarter, said PowerFleet CEO Chris Wolfe.
  • To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), PowerFleet provides certain non-GAAP measures of financial performance.

Avinger Reports Third Quarter 2019 Financial Results

Retrieved on: 
Tuesday, November 5, 2019

Gross margin for the third quarter of 2019 was 35%, an 8-point increase compared to the third quarter of 2018 and a 4-point sequential increase compared to the second quarter of 2019.

Key Points: 
  • Gross margin for the third quarter of 2019 was 35%, an 8-point increase compared to the third quarter of 2018 and a 4-point sequential increase compared to the second quarter of 2019.
  • Avinger will hold a conference call today, November 5, 2019 at 4:30pm ET to discuss its third quarter 2019 financial results.
  • The Company uses these non-GAAP financial measures internally in analyzing its financial results and believes that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing the Companys financial results with other companies in its industry, many of which present similar non-GAAP financial measures.
  • Avinger compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.

Facebook Reports Third Quarter 2019 Results

Retrieved on: 
Wednesday, October 30, 2019

Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended September30, 2019.

Key Points: 
  • Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended September30, 2019.
  • Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
  • We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.
  • For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the "Reconciliation of GAAP to Non-GAAP Results" table in this press release.

Zynex Announces 2019 Third Quarter Financial Results

Retrieved on: 
Tuesday, October 29, 2019

Zynex reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP).

Key Points: 
  • Zynex reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP).
  • Management believes these non-GAAP financial measures are useful to investors and lenders in evaluating the overall financial health of the Company in that they allow for greater transparency of additional financial data routinely used by management to evaluate performance.
  • Non-GAAP financial measures should not be considered in isolation from or as an alternative to the financial information prepared in accordance with GAAP.
  • Our actual results and financial condition may differ materially from those indicated in the forward-looking statements.

FASB Chairman to Address Importance of Standardized Data in Setting Accounting Standard, at XBRL Investor Forum, Nov 4 in NY

Retrieved on: 
Monday, October 28, 2019

Russell G. Golden, Chairman of the Financial Accounting Standards Board (FASB) will describe the critical role of data standards in developing useful, actionable accounting standards, during his keynote address at the half-day investor forum, Driving Actionable Analytics, announced XBRL US.

Key Points: 
  • Russell G. Golden, Chairman of the Financial Accounting Standards Board (FASB) will describe the critical role of data standards in developing useful, actionable accounting standards, during his keynote address at the half-day investor forum, Driving Actionable Analytics, announced XBRL US.
  • Proposed accounting standards, along with taxonomy updates that are designed to support the proposed standards, are published simultaneously during public exposure periods.
  • This provides issuers with an easier method to understand and provide input to the accounting standard review period.
  • XBRL US is the non-profit consortium for XBRL business reporting standards in the U.S. and represents the business information supply chain.

Financial Accounting Foundation Opens Search for New Executive Director

Retrieved on: 
Thursday, October 24, 2019

The FAF Executive Director leads a team of about 45 professionals who provide critical support services to the FASB and the GASB.

Key Points: 
  • The FAF Executive Director leads a team of about 45 professionals who provide critical support services to the FASB and the GASB.
  • The FAF Executive Director plays a vital role in the effective functioning of the standard-setting operation, said FAF Chairman Charles H. Noski .
  • Among the traits that the FAF Trustees are seeking in the next FAF Executive Director are:
    Proven expertise in building a positive workplace culture.
  • Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

Forescout Technologies Announces Preliminary Third Quarter 2019 Financial Results

SAN JOSE, Calif., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Forescout Technologies, Inc. (NASDAQ:FSCT), the leader in device visibility and control, today announced preliminary results for its third quarter ended September30, 2019, based upon preliminary unaudited financial information.

Key Points: 
  • SAN JOSE, Calif., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Forescout Technologies, Inc. (NASDAQ:FSCT), the leader in device visibility and control, today announced preliminary results for its third quarter ended September30, 2019, based upon preliminary unaudited financial information.
  • Forescout will provide full financial results including its GAAP and non-GAAP earnings per share and updated guidance during its conference call on November 6, 2019.
  • Forescout will hold a conference call and release full financial results for the third quarter 2019 after U.S. markets close on Wednesday, November 6, 2019.
  • Forescout uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Forescouts financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

LeaseAccelerator and Deloitte Assembles Industry to Look Beyond Initial AASB 16 Deadline

Retrieved on: 
Monday, September 30, 2019

LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, will convene the east coast business community to discuss the next wave of opportunity following the implementation of AASB 16 lease accounting standards.

Key Points: 
  • LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, will convene the east coast business community to discuss the next wave of opportunity following the implementation of AASB 16 lease accounting standards.
  • LeaseAccelerators head of lease accounting John Kuett will discuss the international experience of companies who have used IFRS 16 (the international standard upon which AASB 16 is based) as an opportunity to gain competitive advantage.
  • AASB 16 was imposed upon the industry and its definitely been a painful process for many, he said.
  • The events, AASB 16: An opportunity to Remediate, Optimise and Innovate: Lessons learned in lease accounting following the first reporting period will run next month.