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Insights on AI, Markets & Risk

The latest from our research team on markets, risk, and technology.

Non-timely filings increase by 40%+ in 2022, fueled by SPACs
DraftHudson Labs analysis

Non-timely filings increase by 40%+ in 2022, fueled by SPACs

Companies file an NT 10-K form when they are unable to file their annual report by the deadline. This year the number increased from 461 to over 660.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
SPACs: “They’re finding themselves in situations where they’re not ready for prime time"
Hudson Labs analysis

SPACs: “They’re finding themselves in situations where they’re not ready for prime time"

SPACS are finding themselves in situations where they’re not ready for prime time, referring to the ongoing troubles with accounting and reporting.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
SEC letters to Tesla made public yesterday
10-K Analysis & Red Flags

SEC letters to Tesla made public yesterday

The SEC was concerned that Tesla's inclusion of credits in their Automotive Sales could cause “investor confusion”.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
Hudson Labs FOI - FDA hold, patient death and European wind down at BLUE
10-K Analysis & Red Flags

Hudson Labs FOI - FDA hold, patient death and European wind down at BLUE

Our weekly review includes Enviva acquiring their former sponsor, Enviva Holdings, and required that they recast their historical financials.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
Interpreting internal control (ICOFR) weaknesses in stock research
10-K Analysis & Red Flags

Interpreting internal control (ICOFR) weaknesses in stock research

In this post we explain internal control weakness disclosures in context and highlight new material weaknesses at U.S public companies.

Kris Bennatti, CEO of Hudson Labs3 min
Hudson Labs FOI: LCID omits internal control attestation!
Draft10-K Analysis & Red Flags

Hudson Labs FOI: LCID omits internal control attestation!

Weekly review including, Lucid DID NOT provide a management attestation on internal controls in their 10-K, it is under investigation by the SEC.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
NOTV reports a live primate subpoena and a restatement. FMS and STT extend DOJ/SEC monitorship
10-K Analysis & Red Flags

NOTV reports a live primate subpoena and a restatement. FMS and STT extend DOJ/SEC monitorship

Weekly report includes NOTV issued a restatement, received a subpoena related to the importation of live primates and is facing a USDA investigation.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
The SEC takes unprecedented action on climate disclosure
ESG & Climate

The SEC takes unprecedented action on climate disclosure

There’s been much talk of the SEC mandating ESG disclosure.So far, little has happened,mostly RE greenwashing.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min
Hudson Labs FOI - TEVA’s still shut down in Irving, and there's a big old receivable at ME.

Hudson Labs FOI - TEVA’s still shut down in Irving, and there's a big old receivable at ME.

ME's largest customer has an aging receivables balance and TEVA's Irving facility is still shut down after "objectional" conditions were found.

Andre Castillo, Head of Forensic Research at Hudson Labs3 min