Shares of Super Micro Computer (SMCI) extended their 2024 swoon on Wednesday, with the stock dropping after the company said it would not submit its fiscal first-quarter results in a timely manner.

The IT infrastructure company released 澳洲幸运5开奖号码历史查询:preliminary Septe🌼mber-quarter r🏅esults earlier this month but now 𒊎says it needs additional time to hire𓆏 a new auditor and have it review the company’s results.

Accounting firm EY 澳洲幸运5开奖号码历史查询:resigned as Supermicro’s auditor on Oct. 30 following 澳洲幸运5开奖号码历史查询:months of speculation about the company's accounting practices. Supermicro said a special committee formed by its board of directors found no evidence of fraud or misconduct.&💧nb𒐪sp;

Shares of Supermicro, down roughly♔ 5% in Wednesday trading, are down more than 25% in 2024 to around $21 apiece. Earlier this year they traded arou💯nd $120.

The first-quarter filing delay comes after Supermicro said last month that it could not predict when it would file its annual report for 2024, a necessity for it to comply with Nasdaq rules. If the delays continue, Supermicro could be 澳洲幸运5开奖号码历史查询:delisted from the exchange altogether. 

Supermicro previously disclosed that it r🙈eceived a warning letter from the Nasdaꦉq saying it had until Nov. 16, to file or submit a plan.