Trimble Gets Nasdaq Letter Due to Late 10-Q Filing

Dow Jones05-18

By Josh Beckerman

Trimble said it received an expected Nasdaq deficiency notification letter related to its delayed filing for its Form 10-Q for the first quarter.

The company said Friday that it will take the necessary steps to regain compliance with listing rules as soon as practicable.

Trimble provides technology to "connect the physical and digital worlds" for construction, geospatial, transportation and agriculture markets.

The company said May 3 that its auditor identified concerns related to revenue-related systems and processes as of Dec. 29. It said executives concluded that disclosure controls and procedures weren't effective as of Dec. 29 due to a material weakness in internal control over financial reporting.

Trimble said at the time that it expected to delay full first-quarter results and would reschedule its annual meeting.

Shares were down 1% to $56.60.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 17, 2024 14:46 ET (18:46 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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