Valens Research – UAFRS vs As Reported Weekly Highlights – April 18, 2018
April 23, 2018
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.
Company Specific Highlights & Insights
NIC Inc. (EGOV)
Excess Cash Distortion
Bio-Techne Corporation (TECH)
R&D Expense Distortion
The Ultimate Software Group, Inc. (ULTI)
Stock Option Expense Distortion