ACMR - ACM research says report by J Capital Research USA contained misstatements
ACM Research ([[ACMR]] -2.7%) says a report by J Capital Research USA with respect to ACM and its operations contained a numerous misstatements of historical facts regarding ACM’s business and operations, including errors regarding revenue, tool ASPs, gross margins, key suppliers, inventory, and other balance sheet-related items. ACM expects to release its financial results for the third quarter of 2020 in early November 2020.ACM expects to respond in more detail to the report’s misstatements during the upcoming earnings call, when ACM’s current disclosure quiet period will end.
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ACM research says report by J Capital Research USA contained misstatements