Valens Research – UAFRS vs As Reported Weekly Highlights – May 21, 2020
May 21, 2020
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
Workday, Inc. (WDAY)
R&D expense Distortion
NIC Inc. (EGOV)
Excess cash Distortion
Bottomline Technologies (de), Inc. (EPAY)
Stock option expense Distortion