Nov. 10 at 10:19 AM
$BNED
People freaked out on the headline, but the actual impact is tiny.
✅ Company already clarified the accounting issue in the 8-K (8/26/25)
✅ This is a timing/classification fix, NOT missing money
✅ Market was expecting a ~
$24M “disaster”
➡️ Actual revenue adjustment was only
$3.5M in the Jan 25, 2025 quarter
✅ No impact to cash, liquidity, or debt
✅ No change to operations or guidance
The selloff was all fear and no facts.
Once the 10-K is filed with corrected numbers, I expect a re-rate.
