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Monday, May 16, 2022

FAST Misses Q2 Revenues, Changes Accounting Practices

FAST Search & Transfer said that Q2 earnings were off based largely on a change in accounting practices. The company had formerly booked MOUs (memoranda of understanding) as revenue and that practice has been eliminated. We were informed but have been unable to substantiate that the company’s accounting practices are now under investigation. Second quarter revenues and related presentations are available here.

Opinions expressed in this article are those of the guest author and not necessarily Search Engine Land. Staff authors are listed here.

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