Bloomberg Tax
March 31, 2023, 9:24 PM

Sientra Sees Substantial Doubt About Going Concern

Allegra Fradkin

Sientra is expecting to report “substantial doubt exists about its ability to continue as a going concern,” according to a filing.

  • Expects material weakness in internal control over financial reporting based on deficiencies affecting warranty process
  • Unable to file annual report within prescribed period; plans to file within 15-day extension period
    • Has not completed year-end reporting nor audit procedures

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To contact the reporter on this story:
Allegra Fradkin in New York at afradkin@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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