DJCO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-12

• For the nine months ended June 30, 2026, net cash provided by operating activities was $12.9 million. Cash provided by operating activities consisted of a net loss of $53.5 million, adjusted for non-cash items of $65.1 million, and increased by cash provided by working capital of $1.3 million. Adjus…

• For the nine months ended June 30, 2025, net cash used in financing activities totaled $2.6 million, consisting primarily of a $2.5 million repayment on the outstanding balance of the Company’s investment margin loan.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• For the six months ended March 31, 2026, net cash provided by operating activities was $2.2 million. Cash provided by operating activities consisted of a net loss of $42.6 million, adjusted for non-cash items of $48.3 million, and cash used for working capital of $3.5 million. Adjustments for non-ca…

Text added vs the prior filing · source: 10-Q · 2026-08-12

• Based on this evaluation, and in light of these material weaknesses, management concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2026.

• During the quarter ended June 30, 2026, the Company continued to execute its remediation plan. The design and implementation of the Company’s key remediation actions are substantially complete. Specifically, during the quarter, the Company:

• Completed the documentation of its information technology general controls framework.

• Implemented additional reconciliation and review controls over revenue.

• Began implementing a financial close management tool to centralize account reconciliations and period-end close activities, strengthen review and approval workflows, and further support segregation of duties.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Based on this evaluation, and in light of these material weaknesses, management concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2026. However, management has made substantial progress in remediation. While the Company believes that the material weak…

• During the quarter ended March 31, 2026, the Company continued to execute its remediation plan and made significant progress building on its prior actions. Specifically, the Company:

• Completed the implementation of enhancements to its enterprise resource planning (ERP) system, strengthening system-enforced segregation of duties, user access governance, and workflow approval controls, and expanding their consistent application across financial reporting processes.

• Completed the expansion and realignment of finance and accounting personnel and further reinforced supervisory review controls, resulting in clearer separation of preparer and reviewer responsibilities and reduced reliance on single individuals in key processes.

• Continued implementation and refinement of enhanced revenue recognition controls, including standardized documentation and layered review procedures over deferred revenue, and began applying these controls consistently across reporting periods.