---
title: "ADTRAN Holdings Inc. Announces Need for Financial Restatements Due to Inventory Adjustment Error"
description: "ADTRAN Holdings Inc. announced the need for financial restatements due to an inventory adjustment error at its subsidiary, Adtran Networks SE. This error resulted in a €5.7 million increase in the 202"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/240061387.md"
published_at: "2025-05-13T20:46:07.000Z"
---

# ADTRAN Holdings Inc. Announces Need for Financial Restatements Due to Inventory Adjustment Error

> ADTRAN Holdings Inc. announced the need for financial restatements due to an inventory adjustment error at its subsidiary, Adtran Networks SE. This error resulted in a €5.7 million increase in the 2024 loss and necessitated revisions to consolidated financial statements for 2023 and 2024. The company will file amended reports with the SEC and address a material weakness in internal controls, while also rescheduling its Annual Meeting.

ADTRAN Holdings Inc. announced a regulatory issue involving its majority-owned subsidiary, Adtran Networks SE, which led to a revision of its financial statements. During the finalization of Networks' 2024 financial statements, an inventory adjustment was discovered, increasing the cost of goods sold and resulting in a €5.7 million increase in their 2024 loss. This finding prompted ADTRAN Holdings to reassess and adjust its consolidated financial statements for both 2023 and 2024. As a result, financial reports for several periods within these years are no longer reliable and will be restated. The company is also addressing an identified material weakness in its internal controls and plans to file amended reports with the SEC while rescheduling its Annual Meeting to reflect these changes.

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.