Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, when announcing this week its estimated preliminary unaudited financial results also announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "Form 10-K"). As disclosed then, because of an inability to obtain prior auditor consent for inclusion of financial statements for the years ending December 31, 2017 and 2018, in connection with making adjustments thereto, the Company's current auditor, PricewaterhouseCoopers has agreed, subject to completing their customary engagement acceptance and independence procedures, to independently re-audit the Company's financial statements for those years. In connection with the delayed Form 10-K, Addus yesterday received a letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying Addus that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of Addus common stock on the Nasdaq Global Select Market. Under Nasdaq's listing rules, Addus has 60 calendar days from the date of the letter to submit a plan to regain compliance. Addus will continue to work to finalize the re-audits as soon as practicable and expects to submit a plan within the proscribed time frame.
TROY, Mich.--(BUSINESS WIRE)--Skyline Champion Corporation (NYSE:SKY) (“Skyline Champion”), today announced financial results for its fourth quarter and full year ended March 28, 2020 (“fiscal 2020”) and provided an update on business conditions as it respond…
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that it will continue providing its services in California, New York and Illinois even after the recently announced "shelter in place" orders from those states. The Company also anticipates that it will be exempted from the scope of similar restrictions other states may implement as the U.S. Department of Homeland Security has advised that it views home care and hospice staff as members of the country's Essential Critical Infrastructure Workforce.
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that on May 13, 2020, it submitted a plan of compliance (the "Compliance Plan") to The Nasdaq Stock Market LLC ("Nasdaq") to support its request for an extension of t…
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. …
Q1 2020 Addus Homecare Corp Earnings Call
These days it’s even more important for people to find an affordable place to live, especially in California. With tiny house and ADU restrictions lifting all over the state, even more companies are offering ADU building services. California Modulars builds …
You don’t need to be an expert to successfully invest in real estate, but you do need to know how to ask the right questions.
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Addus HomeCare Corporation (ADUS) on Behalf of Investors
CLEVELAND, May 19, 2020 /PRNewswire/ -- According to Freedonia Group analysts, demand for modular housing (also known as system-built housing) is forecast to rise 5.2% annually to 23,700 units in 2024. Advances will be boosted by such factors as: homeowner in…
FRISCO, Texas, May 15, 2020 /PRNewswire/ -- Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that on May 13, 2020, it submitted a plan of compliance (the "Compliance Plan") to The Nasdaq Stock Market LLC ("Nasdaq") …
The Law Offices of Frank R. Cruz announces an investigation on behalf of Addus HomeCare Corporation ("Addus" or the "Company") (NASDAQ: ADUS) investors concerning the Company and its officers’ possible violations of federal securities laws.
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that Dirk Allison, President and Chief Executive Officer, and Brian Poff, Executive Vice President and Chief Financial Officer, will participate in the 2020 RBC Capital Markets Global Healthcare Virtual Conference, which takes place May 19 ‑ 20, 2020. In connection with the conference, there will be a live broadcast and replay of the Company's presentation available on the Company's website starting at 8:00 a.m. Eastern Time / 7:00 a.m. Central Time on Tuesday, May 19, 2020.
Addus HomeCare (ADUS) could produce exceptional returns because of its solid growth attributes.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Addus HomeCare Corporation (ADUS) on Behalf of Investors
Hagens Berman urges investors in Addus HomeCare Corporation (ADUS) who have suffered significant losses to submit their losses now. The investigation concerns the propriety of Addus’ revenue recognition practices and accuracy of its reported financial statements. In past quarters, Addus represented that it properly records price concessions to customers and that its financial statements were prepared in accordance with GAAP.
NEW YORK, NY / ACCESSWIRE / March 18, 2020 / Addus HomeCare Corp. (NASDAQ:ADUS) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 18, 2020 at 9:00 ...
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, announced today that it will release preliminary earnings for the first quarter ended March 31, 2020, on Monday, May 4, 2020, after the market close. The re-audit was required because the Company determined, with concurrence from PwC, that a previously unrecorded adjustment in estimating the collectability of revenue was appropriate, but the Company’s prior audit firm indicated that they were unwilling to consent to the inclusion of their opinion on the Company’s prior-year audited financial statements if the Company were to make these previously unrecorded adjustments in prior periods rather than in the current period. Without the consent, the Company cannot include those required historical financial statements in its SEC filings.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. …
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the m…
Los Angeles-based United Dwelling, a startup that helps homeowners convert garages or unused backyard space into newly allowed "Accessory Dwelling Units" which they can rent out to others, has raised $10M in a Series B funding round, the company said this wee…
ADUS vs. USPH: Which Stock Is the Better Value Option?
The Law Offices of Frank R. Cruz continues its investigation on behalf of Addus HomeCare Corporation ("Addus" or the "Company") (NASDAQ: ADUS) investors concerning the Company and its officers’ possible violations of federal securities laws.
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that the bank lending group to the Company's senior secured credit facility has consented to an extension of the timeline required to deliver the Company's December 31, 2019, audited financials and PricewaterhouseCoopers' final audit report to not later than October 31, 2020. As previously announced, the Company has delayed the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "2019 Form 10-K"). In the interim, the Company will have the ability to utilize preliminary, unaudited financials as of December 31, 2019, to determine compliance with all financial covenants related to the senior secured credit facility. As of December 31, 2019, the Company had cash of $111.7 million and bank debt of $59.9 million, with availability under its credit facility of approximately $191.4 million.
NYC mayor wants 100 miles of open streets Upping the New York City Council’s push to open 75 miles of car-free city streets, Mayor Bill de Blasio committed to opening up 100 miles of car-free streets for socially responsible recreation during the COVID-19 cri…
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- and how to ensure that the providers themselves neither catch nor spread it. A Texas-based company operating in 26 states instructed its caregivers to leave the homes of clients who recently traveled from states with “widespread community transmission” or who had contact with anyone screened for coronavirus, regardless of whether that person tested positive, according to an internal directive reviewed by Reuters. “It’s a hair-on-fire crisis,” said Roger Noyes, spokesman for New York’s Home Care Association.
Nobody knows yet how deep the economic recession or depression caused by COVID-19 will go, but it’s sure to worsen the existing difficulties many people and families already have with where they live. Governments, including the District, have the window of op…
This conference call may also contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Addus' expected quarterly and annual financial performance for 2020 or beyond. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, discussions of forecasts, estimates, targets, plans, beliefs, expectations and the like are intended to identify forward-looking statements.
We’ve closed up shop for the time being
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today announced that on May 13, 2020, it submitted a plan of compliance (the "Compliance Plan") to The Nasdaq Stock Market LLC ("Nasdaq") to support its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. The Compliance Plan is in response to a previously disclosed letter received from Nasdaq on March 20, 2020, in connection with Addus HomeCare's previously disclosed delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "Form 10-K"). The Compliance Plan included a statement that Addus HomeCare currently anticipates that it will file the Form 10-K, together with its Form 10-Q for the three months ended March 31, 2020, (the "Form 10-Q") on or about August 10, 2020.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Addus HomeCare Corporation (ADUS) on Behalf of Investors
The California state legislature has done everything in its power to legalize accessory dwelling units. A new lawsuit probes whether it's done enough.
Chicago residents will have the option of building coach houses or convection units if a new law passes as written through the Chicago City Council.
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- and how to ensure that the providers themselves neither catch nor spread it. A Texas-based company operating in 26 states instructed its caregivers to leave the homes of clients who recently traveled from states with “widespread community transmission” or who had contact with anyone screened for coronavirus, regardless of whether that person tested positive, according to an internal directive reviewed by Reuters. “It’s a hair-on-fire crisis,” said Roger Noyes, spokesman for New York’s Home Care Association.
Due to the Assembly Bill 68 allowing for accessory dwelling units (ADUs) in Los Angeles County, there has been an explosion of businesses who focus on assisting with the building of those ADUs. Building a tiny building in a backyard in a code-heavy county can…
Tents in Los Angeles' financial district. (Photo by Laurie Avocado / CC BY 2.0) Judge Orders L.A. to Provide Shelter for People Living Near Freeways Related Stories
ADUS earnings call for the period ending March 31, 2020.
Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced that it will delay the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "2019 Form 10-K") and its conference call previously scheduled for Wednesday, March 18, 2020, regarding its financial results. The Company also reported certain preliminary unaudited financial and operational data for the fourth quarter and full year 2019 and an update on the accounting matters that have caused the delay.