Valens Research – UAFRS vs As Reported Weekly Highlights – May 22, 2019

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

Company Specific Highlights & Insights
T
Tapestry, Inc. (TPR)
Operating Lease Distortion

Vonage Holdings Corp. (VG)
Stock Option Expense Distortion

Open Text Corporation (OTEX)
R&D Expense Distortion