Nasdaq warns Veeco for not filing quarterly report
A mechanical engineer holds a data wafer at the Veeco Instruments plant in Plainview in 2012. Credit: Chris Ware
Technology manufacturer Veeco Instruments Inc. has received a warning from the Nasdaq stock market for failing to file a quarterly financial report on time with the U.S. Securities and Exchange Commission.
The Plainview-based maker of equipment to manufacture LED-lighting has delayed publishing detailed earnings data for nine months as it undertakes an accounting review to determine whether sales revenue was recorded at the proper time during 2009 and 2010.
The company has until Nov. 4 to file its outstanding quarterly reports with the SEC in order to continue to be traded on the Nasdaq market.
Veeco responded to the Nasdaq warning letter with a statement, saying the company is working to complete the accounting review and plans to file its outstanding SEC reports “as soon as reasonably practicable.”
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