comScore Gets NASDAQ Knuckle Rap

comScore has received a notice from the NASDAQ stock exchange over its continued delays in filing financial reports with the Securities and Exchange Commission (SEC).

For the past six months, comScore has been involved in an internal investigation covering 'certain potential accounting matters'. The Wall Street Journal has suggested that these areas of concern may relate to multi-million-dollar stock grants given to senior comScore execs last year, based on a share price inflated by the firm's practice of reporting 'non-monetary' revenue resulting from data-sharing agreements with other companies.

In June, comScore shares fell more than 30% to $21.74, after the company missed its deadline for issuing an update on the investigation. In a regulatory filing earlier this month, the company said that its investigation is 'substantially complete', and that its audit committee has identified 'certain areas of potential concern'.

In its latest statement, comScore says the NASDAQ notice has no immediate effect on the listing or trading of its common stock on the exchange's Global Select Market. NASDAQ has granted comScore until 29th of this month to regain compliance.

Web site: www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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