Research

Valens Research – UAFRS vs As Reported Weekly Highlights – September 25, 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
NIC, Inc. (EGOV)
Excess Cash Distortion

IMAX Corporation (IMAX)
Stock Option Expense Distortion

MEDNAX, Inc. (MD)
Goodwill Distortion